MP_CN208 7/25/2024 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 2023-2024 June June 28 July July July July 26 21-27 Jul 4 5-11 12-18 19-25 Aug 1 Adjusted world price 1/ 56.65 58.23 57.80 56.08 56.42 55.02 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 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 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/ Oct-24 Dec-24 Mar-25 May-25 Jul-25 Oct-25 Average Current Jul 19 69.98 70.70 72.62 74.00 74.96 74.13 62.30 82.20 0.00 Jul 22 70.13 70.62 72.51 73.90 74.79 73.94 62.45 81.06 0.00 Jul 23 68.03 69.48 71.36 72.82 73.87 73.04 60.35 80.90 0.00 Jul 24 67.01 68.65 70.41 71.82 72.92 72.58 59.33 79.75 0.00 Jul 25 67.21 68.90 70.66 72.02 73.10 72.70 59.53 79.05 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 Jul 19 65.98 64.98 64.98 61.48 61.48 58.48 58.73 62.30 Jul 22 66.13 65.13 65.13 61.63 61.63 58.63 58.88 62.45 Jul 23 64.03 63.03 63.03 59.53 59.53 56.53 56.78 60.35 Jul 24 63.01 62.01 62.01 58.51 58.51 55.51 55.76 59.33 Jul 25 63.21 62.21 62.21 58.71 58.71 55.71 55.96 59.53 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through July 20,Through July 18, 2024 Week Mkt. Yea Week Mkt. Year Outstanding sales - 2,571,80 - 2,742,900 Exports 197,800 11,387,0131,300 10,202,400 Total export commitments - 13,958,8 - 12,945,300 New sales 5,200 - 3,800 . Buy-backs and cancellations 23,900 - 78,000 - Net sales -18,700 - -74,200 - Sales next marketing year 80,600 2,476,00285,900 2,715,600 Net sales reductions of Upland totaling 74,200 RB for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases reported for Mexico (1,800 RB), Thailand (600 RB), Indonesia (500 RB), and Pakistan (400 RB), were more than offset by reductions primarily for Vietnam (42,400 RB), Turkey (10,700 RB), Nicaragua (7,000 RB), China (6,300 RB), and India (4,500 RB). Net sales of 285,900 RB for 2024/2025 were primarily for Mexico (64,500 RB), Vietnam (58,200 RB), Turkey (52,600 RB), India (28,400 RB), and China (21,100 RB). Exports of 131,300 RB were up 16 percent from the previous week, but down 11 percent from the prior 4-week average. The destinations were primarily to China (32,600 RB), Vietnam (27,800 RB), Pakistan (15,900 RB), Bangladesh (11,000 RB), and Mexico (10,200 RB). Net sales reductions of Pima totaling 100 RB for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Increases reported for Turkey (100 RB), were more than offset by reductions for Vietnam (200 RB). Net sales of 4,900 RB for 2024/2025 were reported for Vietnam (2,200 RB), Peru (1,400 RB), India (800 RB), Taiwan (400 RB), and Guatemala (100 RB). Exports of 2,300 RB were down 47 percent from the previous week and 55 percent from the prior 4-week average. The destinations were primarily to Peru (1,100 RB), India (800 RB), Turkey (300 RB), and Vietnam (100 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh. For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2023/2024, the current exports for own account outstanding balance of 106,900 RB are for China (80,000 RB), Vietnam (14,700 RB), Pakistan (7,300 RB), South Korea (3,700 RB), and Turkey (1,200 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports