MP_CN208 1/14/2021 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 Dec Dec Dec Jan Jan Jan 11-17 18-24 25-31 1-7 8-14 15-21 Adjusted world price 1/ 58.17 60.90 62.01 63.03 65.25 66.23 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 0.84 0.82 0.87 0.92 0.96 1.00 Fine count adjustment 20 0.79 0.77 0.82 0.87 0.91 0.95 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/ Mar-21 May-21 Jul-21 Oct-21 Dec-21 Mar-22 Average Current Jan 08 79.77 80.55 81.25 77.84 76.19 76.79 75.41 86.30 0.00 Jan 11 80.43 81.17 81.86 78.45 76.60 77.17 76.07 86.30 0.00 Jan 12 81.70 82.45 83.15 79.63 77.23 77.70 77.34 86.90 0.00 Jan 13 80.92 81.77 82.53 79.17 76.80 77.22 76.78 88.10 0.00 Jan 14 81.15 82.00 82.75 79.15 76.80 77.17 77.01 87.35 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 Jan 08 78.27 77.27 77.27 74.77 74.77 72.52 73.02 75.41 Jan 11 78.93 77.93 77.93 75.43 75.43 73.18 73.68 76.07 Jan 12 80.20 79.20 79.20 76.70 76.70 74.45 74.95 77.34 Jan 13 79.92 78.92 78.92 75.92 75.92 73.67 74.17 76.78 Jan 14 80.15 79.15 79.15 76.15 76.15 73.90 74.40 77.01 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through January Through January 7, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,420,80 - 6,066,200 Exports 301,700 4,438,60274,600 5,798,000 Total export commitments - 11,859,4 - 11,864,200 New sales 239,600 - 359,000 - Buy-backs and cancellations 6,600 - 33,000 - Net sales 232,900 - 326,000 - Sales next marketing year 14,500 1,017,50 50,300 846,300 Net sales of 326,000 RB for 2020/2021 were up noticeably from the previous week and up 2 percent from the prior 4-week average. Increases primarily for China (151,200 RB, including 2,900 RB switched from Hong Kong and decreases of 15,400 RB), Pakistan (56,600 RB), Turkey (39,000 RB), Bangladesh (24,300 RB, including decreases of 6,000 RB), and Vietnam (23,800 RB, including decreases of 10,000 RB), were offset by reductions for Hong Kong (2,900 RB) and Malaysia (1,500 RB). For 2021/2022, net sales of 50,300 RB were for Malaysia (22,000 RB), Guatemala (13,200 RB), Bangladesh (8,800 RB), and Peru (6,300 RB). Exports of 274,600 RB were up 2 percent from the previous week and from the prior 4-week average. Exports were primarily to China (156,800 RB), Vietnam (40,800 RB), Pakistan (26,400 RB), Mexico (11,300 RB), and Turkey (11,000 RB). Net sales of Pima totaling 35,900 RB--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases primarily for India (20,700 RB), Vietnam (8,800 RB), China (7,000 RB, including 2,600 RB switched from Hong Kong), Pakistan (1,300 RB), and Thailand (1,300 RB), were offset by reductions for Hong Kong (2,600 RB) and Bangladesh (1,500 RB). For 2021/2022, total net sales of 400 RB were for India. Exports of 10,300 RB were down 17 percent from the previous week and 37 percent from the prior 4-week average. The destinations were primarily to China (5,200 RB), India (1,700 RB), Pakistan (1,500 RB), Peru (1,000 RB), and Egypt (700 RB). Exports for Own Account: For 2020/2021, new exports for own account totaling 100 RB were to China. The current exports for own account outstanding balance of 4,500 RB is for China. USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports
Weekly Cotton Market Review, selected tables