MP_CN208
10/29/2020 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
2020-2021
Sep 25 Oct Oct Oct Oct Oct 30
Oct 1 2-8 9-15 16-22 23-29 Nov 5
Adjusted world price 1/ 50.45 50.67 51.48 53.43 55.71 57.37
Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00
Loan Deficiency Payment 1.55 1.33 0.52 0.00 0.00 0.00
Fine count adjustment 20 0.38 0.42 0.37 0.33 0.44 0.60
Fine count adjustment 20 0.33 0.37 0.32 0.28 0.39 0.55
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/
Dec-20 Mar-21 May-21 Jul-21 Oct-21 Dec-21 Average Current
Oct 23 71.29 71.87 72.45 72.86 71.19 70.19 66.18 77.75 0.00
Oct 26 72.11 72.72 73.22 73.58 71.81 70.76 67.00 77.40 0.00
Oct 27 72.03 72.73 73.28 73.65 71.82 70.62 67.28 78.35 0.00
Oct 28 70.17 71.03 71.70 72.16 70.42 69.22 65.42 78.40 0.00
Oct 29 69.82 70.80 71.49 71.99 70.23 69.03 65.07 76.95 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
Oct 23 68.54 67.79 67.79 65.54 65.54 63.79 64.29 66.18
Oct 26 69.36 68.61 68.61 66.36 66.36 64.61 65.11 67.00
Oct 27 69.78 69.03 69.03 66.53 66.53 64.78 65.28 67.28
Oct 28 67.92 67.17 67.17 64.67 64.67 62.92 63.42 65.42
Oct 29 67.57 66.82 66.82 64.32 64.32 62.57 63.07 65.07
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through October Through October 22, 2020
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,029,80 - 5,821,800
Exports 149,000 2,654,40228,800 2,927,900
Total export commitments - 9,684,20 - 8,749,700
New sales 181,300 - 397,400 -
Buy-backs and cancellations 73,100 - 108,700 -
Net sales 108,100 - 288,700 -
Sales next marketing year 71,300 775,800 900 521,100
Net sales of 288,700 RB for 2020/2021 were up 27 percent from the previous week and
56 percent from the prior 4-week average. Increases primarily for Pakistan (125,900 RB,
including decreases of 700 RB), China (81,400 RB, including decreases of 12,500 RB),
Mexico (41,600 RB, including decreases of 2,800 RB), Egypt (26,400 RB), and Vietnam
(25,800 RB, including 2,100 RB switched from Japan and decreases of 1,900 RB), were
offset by reductions primarily for Turkey (40,300 RB). For 2021/2022, net sales of
900 RB resulting in increases of Mexico (3,100 RB) and Brazil (400 RB), were offset
by reductions for China (2,600 RB). Exports of 228,800 RB were up 18 percent from
the previous week and 23 percent from the prior 4-week average. Exports were primarily
to China (103,600 RB), Vietnam (22,600 RB), Mexico (17,500 RB), Pakistan (16,200 RB),
and Indonesia (12,500 RB). Net sales of Pima totaling 32,700 RB--a marketing-year
high--were up 10 percent from the previous week and 47 percent from the prior 4-week
average. Increases were primarily for China (10,600 RB, including decreases of 2,200 RB),
India (6,000 RB), Vietnam (5,400 RB, including 900 RB switched from Hong Kong), Pakistan
(4,100 RB), and Thailand (2,000 RB), were offset by reductions for Hong Kong (900 RB).
Exports of 15,900 RB were up noticeably from the previous week and up 36 percent from
the prior 4-week average. The destinations were primarily to China (6,700 RB),
Bangladesh (2,900 RB), Vietnam (2,600 RB), India (1,000 RB), and Pakistan (700 RB).
Exports for Own Account: For 2020/2021, exports for own account totaling 7,400 RB
to China were applied to new or outstanding sales. The current exports for own
account outstanding balance of 12,700 RB is for China (7,800 RB), Indonesia (3,900 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