MP_CN208 6/4/2020 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 May May May May May 29 June 1-7 8-14 15-21 22-28 June 4 5-11 Adjusted world price 1/ 46.99 46.01 47.36 48.01 47.48 48.32 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 5.01 5.99 4.64 3.99 4.52 3.68 Fine count adjustment 20 0.14 0.23 0.54 0.43 0.30 0.19 Fine count adjustment 20 0.00 0.08 0.39 0.28 0.15 0.04 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/ Jul-20 Oct-20 Dec-20 Mar-21 May-21 Jul-21 Average Current May 29 57.59 57.27 57.48 58.48 59.38 60.14 53.16 65.45 68.05 Jun 01 60.06 58.57 58.71 59.24 59.49 59.84 55.63 65.45 68.05 Jun 02 60.37 59.35 59.50 59.95 60.21 60.51 55.87 67.65 69.20 Jun 03 60.48 59.73 59.73 60.38 60.70 61.02 55.98 67.90 69.85 Jun 04 60.00 59.54 59.58 60.22 60.54 60.87 55.46 67.90 70.10 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 May 29 55.59 54.84 54.84 52.84 52.84 50.34 50.84 53.16 Jun 01 58.06 57.31 57.31 55.31 55.31 52.81 53.31 55.63 Jun 02 58.37 57.62 57.62 55.37 55.37 53.12 53.62 55.87 Jun 03 58.48 57.73 57.73 55.48 55.48 53.23 53.73 55.98 Jun 04 57.75 57.25 57.25 55.00 55.00 52.75 53.25 55.46 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. . 2018-2019 2019-2020 Description Through May 30, Through May 28, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,804,60 - 5,010,300 Exports 308,600 10,288,6237,900 11,315,400 Total export commitments - 15,093,2 - 16,325,700 New sales 192,700 - 24,000 - Buy-backs and cancellations 10,300 - 34,100 - Net sales 182,300 - -10,100 - Sales next marketing year 51,600 3,689,30 12,400 2,834,300 Net sales reductions of 10,100 RB for 2019/2020 were down noticeably from the previous week and from the prior 4-week average. Increases for Taiwan (3,300 RB, including 900 RB switched from Bangladesh and decreases of 100 RB), Bangladesh (3,200 RB), Indonesia (1,500 RB, including 2,100 RB switched from Malaysia and decreases of 100 RB), South Korea (1,300 RB, including decreases of 200 RB), and Thailand (400 RB, including decreases of 400 RB), were offset by reductions primarily for Turkey (12,200 RB), Vietnam (4,400 RB), and Malaysia (2,100 RB). For 2020/2021, net sales of 12,400 RB for Vietnam (8,800 RB), China (5,500 RB), Turkey (4,400 RB), Pakistan (1,100 RB), and Egypt (900 RB), were offset by reductions for Honduras (6,100 RB) and Peru (2,200 RB). Exports of 237,900 RB were down 11 percent from the previous week and 16 percent from the prior 4-week average. Exports were primarily to Vietnam (84,900 RB), China (45,100 RB), Pakistan (43,900 RB), Turkey (24,000 RB), and South Korea (10,200 RB). Net sales of Pima totaling 500 RB were down 95 percent from the previous week and 85 percent from the from the prior 4-week average. Increases for Djibouti (2,200 RB, switched from China), Turkey (400 RB), and Peru (200 RB), were offset by reductions for China (2,200 RB) and India (100 RB). Exports of 2,100 RB were up 57 percent from the previous week, but down 50 percent from the prior 4-week average. The destinations were primarily to Indonesia (900 RB), Pakistan (700 RB), and India (400 RB). Exports for Own Account: For 2019/2020, the current exports for own account outstanding balance of 31,800 RB is for Vietnam (11,900 RB), China (10,700 RB), Indonesia (8,200 RB), and Bangladesh (1,000 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports