MP_CN208 8/13/2020 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, Frida 2019-2020 and 2020-2021 July July July July 31 Aug Aug 10-16 17-23 24-30 Aug 6 7-13 14-20 Adjusted world price 1/ 51.48 50.26 49.04 47.71 49.44 48.92 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 0.52 1.74 2.96 4.29 2.56 3.08 Fine count adjustment 20 0.53 0.87 0.74 0.51 0.42 0.47 Fine count adjustment 20 0.38 0.72 0.59 0.36 0.37 0.42 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. 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/ Oct-20 Dec-20 Mar-21 May-21 Jul-21 Oct-21 Average Current Aug 07 61.88 62.36 63.19 63.87 64.30 63.00 57.24 71.25 0.00 Aug 10 62.34 62.80 63.60 64.21 64.66 63.37 57.70 68.75 0.00 Aug 11 63.03 63.49 64.33 64.96 65.36 63.71 58.39 69.00 0.00 Aug 12 61.84 62.20 63.14 63.89 64.45 63.17 57.20 69.50 0.00 Aug 13 62.43 62.99 63.92 64.63 65.12 63.98 57.57 68.20 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 DeEast TX/West TexDesert SSJ ValleAverage Aug 07 59.38 58.38 58.38 56.88 56.88 55.13 55.63 57.24 Aug 10 59.84 58.84 58.84 57.34 57.34 55.59 56.09 57.70 Aug 11 60.53 59.53 59.53 58.03 58.03 56.28 56.78 58.39 Aug 12 59.34 58.34 58.34 56.84 56.84 55.09 55.59 57.20 Aug 13 59.43 58.43 58.43 57.43 57.43 55.68 56.18 57.57 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2018-2019 2019-2020 Description Through August 8Through August 6, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,427,80 - 6,288,500 Exports 274,200 346,900 278,600 278,600 Total export commitments - 7,774,70 - 6,567,100 New sales 356,900 - 30,600 - Buy-backs and cancellations 27,800 - 23,700 - Net sales 329,100 - 6,900 - Sales next marketing year 151,200 439,400 0 316,200 Net sales for 2020/2021, which began August 1, totaled 6,900 RB. Increases reported for Pakistan (10,100 RB, including decreases of 300 RB), Indonesia (7,500 RB, including 6,600 RB switched from the Philippines, 100 RB switched from Japan, and decreases of 100 RB), Vietnam (6,200 RB, including 1,300 RB switched from South Korea), Turkey (5,900 RB), and Japan (3,400 RB), were offset by reductions primarily for China (21,500 RB), the Philippines (6,600 RB), and El Salvador (1,200 RB). A total of 2,883,200 RB in sales were carried over from the 2019/2020 marketing year, which ended July 31. Exports for the period ending July 31 of 43,600 RB brought accumulated exports to 14,174,500 RB, up 8 percent from the prior years’ total of 13,158,900 RB. The destinations were primarily China (19,500 RB), Vietnam (13,800 RB), Bangladesh (2,300 RB), Peru (1,400 RB), and Thailand (1,300 RB). Exports for August 1 – 6 totaled 278,600 RB, with China (157,100 RB), Vietnam (56,300 RB), Turkey (13,700 RB), Pakistan (11,700 RB), and Bangladesh (9,600 RB) being the primary destinations. Net sales of Pima for 2020/2021totaled 10,400 RB. Increases were primarily for China (6,200 RB), Bangladesh (1,700 RB), India (900 RB), Vietnam (900 RB), and Pakistan (600 RB). A total of 116,400 RB in sales were carried over from the 2019/2020 marketing year, which ended July 31. Exports for the period ending July 31 of 3,700 RB brought accumulated exports to 486,600 RB, down 25 percent from the prior years’ total of 644,800 RB. The destinations were primarily Pakistan (1,400 RB), Vietnam (900 RB), India (700 RB), China (400 RB), and Greece (200 RB). Exports for August 1 – 6 totaled 5,600 RB, with China (2,500 RB), Peru (1,200 RB), Vietnam (900 RB), Pakistan (900 RB) and Turkey (200 RB) being the primary destinations. Exports for Own Account: For 2019/2020, decreases were reported for 2,300 RB China. For 2020/2021 exports for own account total of 17,300 RB were carried over from the 2019/2020 marketing year, which ended July 31. Exports for own account totaling 4,000 RB to Vietnam (2,600 RB) and Bangladesh (1,400 MT) were applied to new or outstanding sales. For 2020/2021, the outstanding balance of 32,700 RB including carryover is for China (24,300 RB), Indonesia (3,900 RB), Malaysia (2,600 RB), Bangladesh (1,000 RB), and Vietnam (900 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports