MP_CN208 1/15/2026 Memphis, TN USDA Cotton and Tobacco Program, MND World market prices for upland cotton, in cents per pound, in effect from 12:01 a.m., EDT, Friday 2025-2026 Dec Dec Dec Jan Jan Jan 12-18 19-25 26-01 02-08 09-15 16-22 Adjusted world price 1/ 50.39 49.99 50.02 50.76 50.97 51.17 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 1.61 2.01 1.98 1.24 1.03 0.83 Fine count adjustment 20 0.00 0.00 0.00 0.00 0.00 0.00 Fine count adjustment 20 0.00 0.00 0.00 0.00 0.00 0.00 1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 26.0-28.9 grams per te Source: Farm Service Agency, USDA. 0 ICE futures contract settlement, designated spot market average for color 41, leaf 4, staple 34, Far Eastern 'A' Index Color 41, Leaf 4, Staple 34 Far Eastern Date Futures Settlement 7-MarketA Index 1/ Mar-26 May-26 Jul-26 Oct-26 Dec-26 Mar-27 Average Current Jan 9 64.41 65.91 67.31 67.84 68.83 69.72 60.70 74.45 0.00 Jan 12 64.91 66.44 67.86 68.43 69.27 69.96 61.20 74.45 0.00 Jan 13 64.88 66.41 67.86 68.39 69.29 70.00 61.17 75.00 0.00 Jan 14 64.99 66.50 67.91 68.45 69.32 69.97 61.31 75.05 0.00 Jan 15 64.71 66.27 67.69 68.15 69.10 69.78 61.03 75.05 0.00 1/ Far Eastern A Index furnished by Cotton Outlook of Liverpool. Color 41, Leaf 4, Staple 34 Cents per Pound 7-Market Date SoutheasNorth DeSouth DeETX/STX WTX/OK/KDesert SSJ ValleAverage Jan 9 62.66 62.16 62.16 58.66 59.66 59.66 59.91 60.70 Jan 12 63.16 62.66 62.66 59.16 60.16 60.16 60.41 61.20 Jan 13 63.13 62.63 62.63 59.13 60.13 60.13 60.38 61.17 Jan 14 63.24 62.74 62.74 59.24 60.49 60.24 60.49 61.31 Jan 15 62.96 62.46 62.46 58.96 60.21 59.96 60.21 61.03 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2024-2025 2025-2026 Description Through January Through January 8, 2026 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,984,10 - 3,794,900 Exports 224,800 3,084,20156,100 3,142,400 Total export commitments - 8,068,30 - 6,937,300 New sales 320,400 - 340,700 - Buy-backs and cancellations 4,100 - 1,000 - Net sales 316,200 - 339,700 - Sales next marketing year 1,300 474,500 10,100 507,200 Net sales of Upland totaling 339,700 RB for 2025/2026--a marketing-year high--were up noticeably from the previous week and up 89 percent from the prior 4-week average. Increases primarily for Vietnam (127,400 RB, including 100 RB switched from Japan and decreases of 100 RB), China (57,200 RB), Pakistan (48,000 RB, including 100 RB switched from China and decreases of 300 RB), Indonesia (25,200 RB), and Bangladesh (14,500 RB), were offset by reductions for Japan (100 RB). Net sales of 10,100 RB for 2026/2027 were reported for Costa Rica (7,200 RB), El Salvador (2,600 RB), and Pakistan (300 RB). Exports of 156,100 RB were up 1 percent from the previous week and 8 percent from the prior 4-week average. The destinations were primarily to Vietnam (56,200 RB), Pakistan (24,900 RB), China (18,200 RB), Turkey (13,500 RB), and Indonesia (10,200 RB). Net sales of Pima totaling 15,700 RB for 2025/2026--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases primarily for India (11,800 RB), China (2,700 RB), Turkey (400 RB), Vietnam (400 RB switched from China), and Portugal (200 RB), were offset by reductions for Japan (200 RB). Exports of 9,800 RB were up noticeably from the previous week and up 49 percent from the prior 4-week average. The destinations were primarily to India (3,300 RB), China (3,200 RB), Peru (1,400 RB), Costa Rica (900 RB), and Turkey (300 RB). Exports for Own Account: For 2025/2026, new exports for own account totaling 2,300 RB were to Pakistan. The current exports for own account outstanding balance of 41,700 RB were to India (30,100 RB), Bangladesh (4,400 RB), Vietnam (3,200 RB), Pakistan (2,300 RB), and Turkey (1,700 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports