MP_CN208 7/1/2022 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 2021-2022 May 27 June June June June July June 2 3-9 10-16 17-23 24-30 01-07 Adjusted world price 1/ 139.86 135.36 134.41 140.47 135.95 116.83 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 0.54 0.60 0.59 0.67 0.78 1.33 Fine count adjustment 20 0.79 0.85 0.84 0.92 1.03 1.58 1/ Color 41, leaf 4, st 0.00 0.00 0.00 0.00 0.00 0.00 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/ Jul-22 Oct-22 Dec-22 Mar-23 May-23 Jul-23 Average Current Jun 24 103.76 107.15 98.05 93.52 91.13 88.84 111.79 144.30 118.95 Jun 27 100.35 103.15 94.05 89.52 87.13 84.84 107.79 140.20 114.95 Jun 28 100.12 101.39 93.48 89.40 87.02 84.81 106.03 136.00 110.95 Jun 29 104.28 104.98 97.48 93.40 91.02 88.81 109.62 135.50 110.95 Jun 30 103.94 105.64 98.84 94.78 92.47 90.07 110.28 139.30 114.95 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 Jun 24 117.15 116.15 116.15 109.15 109.15 107.15 107.65 111.79 Jun 27 113.15 112.15 112.15 105.15 105.15 103.15 103.65 107.79 Jun 28 111.39 110.39 110.39 103.39 103.39 101.39 101.89 106.03 Jun 29 114.98 113.98 113.98 106.98 106.98 104.98 105.48 109.62 Jun 30 115.64 114.64 114.64 107.64 107.64 105.64 106.14 110.28 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2020-2021 2021-2022 Description Through June 24,Through June 23, 2022 Week Mkt. Yea Week Mkt. Year Outstanding sales - 2,425,40 - 4,092,200 Exports 274,000 13,638,7364,400 11,510,900 Total export commitments - 16,064,1 - 15,603,100 New sales 54,000 - 84,200 - Buy-backs and cancellations 11,400 - 36,000 - Net sales 42,600 - 48,100 - Sales next marketing year 133,900 2,427,10 46,300 4,066,700 Net sales of 48,100 RB for 2021/2022 were up noticeably from the previous week, but down 71 percent from the prior 4-week average. Increases primarily for Vietnam (33,900 RB, including 11,900 RB switched from China and 2,200 RB switched from South Korea), China (25,400 RB, including decreases of 9,700 RB), Mexico (3,500 RB, including decreases of 100 RB), Peru (1,800 RB), and Japan (1,600 RB, including decreases of 200 RB), were offset by reductions primarily for India (6,600 RB), Colombia (5,300 RB), Turkey (3,600 RB), South Korea (2,100 RB), and Bangladesh (1,100 RB). Net sales of 46,300 RB for 2022/2023 were primarily for Turkey (25,500 RB), Portugal (8,800 RB), Mexico (3,700 RB), Japan (3,500 RB), and Indonesia (2,600 RB). Exports of 364,400 RB were down 2 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to China (102,600 RB), Turkey (70,800 RB), Vietnam (43,000 RB), Pakistan (29,800 RB), and India (26,500 RB). Net sales of Pima totaling 800 RB were down 39 percent from the previous week, but up 4 percent from the prior 4-week average. Increases were primarily for Thailand (400 RB). Total net sales of 500 RB for 2022/2023 were for Peru. Exports of 6,400 RB were up 14 percent from the previous week, but down 33 percent from the prior 4-week average. The destinations were primarily to India (2,200 RB), Vietnam (1,000 RB), Pakistan (800 RB), Peru (600 RB), and China (400 RB). Optional Origin Sales: For 2021/2022, options were exercised to export 500 RB to Vietnam from the United States. The current outstanding balance of 14,900 RB is for Vietnam (12,400 RB) and Pakistan (2,500 RB). Export for Own Account: For 2021/2022, new exports for own account totaling 3,200 RB were to China (2,400 RB) and Vietnam (700 RB). Exports for own account totaling 1,100 RB to China (1,000 RB) and Vietnam (100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 38,700 RB is for China (25,700 RB), Vietnam (7,100 RB), and Indonesia (5,900 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports