MP_CN208 9/21/2023 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 Aug Aug Sep Sep Sep Sep 18-24 25-31 1-7 8-14 15-21 22-28 Adjusted world price 1/ 71.14 69.06 71.56 73.55 71.95 72.29 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 0.09 0.06 0.11 0.00 0.00 0.00 Fine count adjustment 20 0.34 0.31 0.36 0.20 0.03 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-23 Dec-23 Mar-24 May-24 Jul-24 Oct-24 Average Current Sep 15 85.39 86.44 87.36 87.84 87.42 82.42 80.39 98.50 0.00 Sep 18 85.54 87.00 87.89 88.41 87.94 82.94 82.32 96.95 0.00 Sep 19 86.06 87.52 88.26 88.68 88.26 83.30 82.81 97.55 0.00 Sep 20 85.37 86.86 87.61 88.13 87.84 83.27 82.15 98.05 0.00 Sep 21 84.87 86.47 87.27 87.90 87.69 83.42 81.76 97.40 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 Sep 15 83.89 83.14 83.14 79.14 77.39 77.89 78.14 80.39 Sep 18 85.50 84.75 84.75 82.00 80.00 79.50 79.75 82.32 Sep 19 86.02 85.27 85.27 82.27 80.52 80.02 80.27 82.81 Sep 20 85.36 84.61 84.61 81.61 79.86 79.36 79.61 82.15 Sep 21 84.97 84.22 84.22 81.22 79.47 78.97 79.22 81.76 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through SeptembeThrough September 14, 2023 Week Mkt. Yea Week Mkt. Year Outstanding sales - 6,351,20 - 4,291,300 Exports 232,300 1,638,00150,700 1,193,800 Total export commitments - 7,989,20 - 5,485,100 New sales 45,000 - 110,500 - Buy-backs and cancellations 12,600 - 4,700 - Net sales 32,400 - 105,800 - Sales next marketing year 13,300 953,700 5,100 392,000 Net sales of 105,800 RB for 2023/2024 were up 57 percent from the previous week and 67 percent from the prior 4-week average. Increases primarily for Vietnam (44,600 RB, including 900 RB switched from South Korea and decreases of 100 RB), China (25,900 RB, including 8,800 RB switched from Singapore and decreases of 100 RB), Mexico (16,900 RB), Bangladesh (12,900 RB), and Turkey (5,400 RB), were offset by reductions for Singapore (8,800 RB) and South Korea (900 RB). Net sales of 5,100 RB for 2024/2025 were reported for Pakistan (2,600 RB) and Mexico (2,500 RB). Exports of 150,700 RB were up 28 percent from the previous week, but down 15 percent from the prior 4-week average. The destinations were primarily to China (72,700 RB), Mexico (18,000 RB), Pakistan (16,600 RB), Turkey (10,900 RB), and Bangladesh (10,000 RB). Net sales of Pima totaling 800 RB for 2023/2024 --a marketing-year low--were down 14 percent from the previous week and 66 percent from the prior 4-week average. Increases reported for China (500 RB), India (200 RB), Thailand (200 RB), and Turkey (100 RB), were offset by reductions for Italy (200 RB). Exports of 2,000 RB were down 74 percent from the previous week and 68 percent from the prior 4-week average. The destinations were to Thailand (1,000 RB), India (600 RB), Pakistan (300 RB), and China (100 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 900 RB, all Pakistan. Exports for Own Account: For 2023/2024, new exports for own account totaling 67,600 RB were to China. Decreases of 43,100 RB were reported for China (40,700 RB) and South Korea (2,400 RB). The current exports for own account outstanding balance of 134,800 RB are for China (113,900 RB), Vietnam (10,800 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 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