MP_CN208 6/17/2021 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 2020-2021 May May May 28 June June June 14-20 21-27 June 3 4-10 11-17 18-24 Adjusted world price 1/ 72.91 67.91 67.77 69.78 72.36 74.16 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 1.07 1.11 1.00 0.54 0.38 0.31 Fine count adjustment 20 1.02 1.06 0.95 0.49 0.33 0.26 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-21 Oct-21 Dec-21 Mar-22 May-22 Jul-22 Average Current Jun 1 87.00 89.34 87.92 87.73 87.48 86.56 82.82 96.45 0.00 Jun 1 84.95 86.88 86.13 85.98 85.79 85.06 80.77 96.20 0.00 Jun 1 85.28 87.61 86.80 86.59 86.33 85.62 81.10 94.85 0.00 Jun 1 85.33 86.66 85.95 85.86 85.63 84.81 81.15 95.60 0.00 Jun 1 84.17 84.73 84.06 83.94 83.82 83.14 80.62 94.85 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 Jun 1 85.75 84.75 84.75 82.00 82.00 80.00 80.50 82.82 Jun 1 83.70 82.70 82.70 79.95 79.95 77.95 78.45 80.77 Jun 1 84.03 83.03 83.03 80.28 80.28 78.28 78.78 81.10 Jun 1 84.08 83.08 83.08 80.33 80.33 78.33 78.83 81.15 Jun 1 83.48 82.48 82.48 79.98 79.98 77.73 78.23 80.62 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through June 11,Through June 10, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,864,90 - 2,788,100 Exports 348,300 11,958,0303,800 13,158,800 Total export commitments - 16,822,9 - 15,946,900 New sales 117,800 - 118,100 - Buy-backs and cancellations 20,200 - 6,800 - Net sales 97,600 - 111,300 - Sales next marketing year 148,400 3,176,10102,900 2,144,400 Net sales of 108,200 RB for 2020/2021 were down 40 percent from the previous week and 16 percent from the prior 4-week average. Increases primarily for Pakistan (47,100 RB), Vietnam (21,800 RB, including 1,900 RB switched from China, 400 RB switched from Japan, and decreases of 100 RB), China (18,800 RB, including 2,200 RB switched from Vietnam and decreases of 200 RB), Turkey (7,900 RB), and Singapore (3,400 RB), were offset by reductions for Malaysia (1,800 RB) and El Salvador (1,200 RB). For 2021/2022, net sales of 21,400 RB were for Pakistan (15,000 RB), Vietnam (3,100 RB), Malaysia (1,800 RB), Bangladesh (1,100 RB), and Japan (400 RB). Exports of 258,400 RB were down 30 percent from the previous week and 21 percent from the prior 4-week average. Exports were primarily to China (60,400 RB), Vietnam (44,700 RB), Pakistan (31,300 RB), Turkey (29,500 RB), and Mexico (23,900 RB). Net sales of Pima totaling 3,900 RB were down 47 percent from the previous week and 51 percent from the prior 4-week average. Increases were primarily for India (2,000 RB), Turkey (600 RB), Greece (400 RB), Pakistan (300 RB), and Indonesia (300 RB). Exports of 16,700 RB were up 23 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to China (8,100 RB), India (5,100 RB), Turkey (1,300 RB), Pakistan (1,200 RB), and Italy (300 RB). Exports for Own Account: For 2020/2021, exports for own account totaling 2,500 RB to China (1,400 RB) and Vietnam (1,100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 11,100 RB is for China (6,200 RB), Vietnam (4,500 RB), and Bangladesh (400 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports