MP_CN208
10/22/2020 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 Sep 25 Oct Oct Oct Oct
18-24 Oct 1 2-8 9-15 16-22 23-29
Adjusted world price 1/ 50.88 50.45 50.67 51.48 53.43 55.71
Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00
Loan Deficiency Payment 1.12 1.55 1.33 0.52 0.00 0.00
Fine count adjustment 20 0.41 0.38 0.42 0.37 0.33 0.44
Fine count adjustment 20 0.36 0.33 0.37 0.32 0.28 0.39
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 1 69.92 70.56 71.23 71.71 70.42 69.52 64.53 74.65 0.00
Oct 19 71.16 71.83 72.41 72.86 71.52 70.62 65.84 75.40 0.00
Oct 20 71.02 71.70 72.29 72.78 71.42 70.57 65.70 76.80 0.00
Oct 21 71.04 71.73 72.34 72.81 71.36 70.51 65.79 76.85 0.00
Oct 22 71.94 72.51 73.09 73.54 71.94 71.07 66.76 76.85 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
Oct 1 66.92 66.17 66.17 64.17 63.42 62.17 62.67 64.53
Oct 19 68.16 67.41 67.41 65.41 64.66 63.66 64.16 65.84
Oct 20 68.02 67.27 67.27 65.27 64.52 63.52 64.02 65.70
Oct 21 68.04 67.29 67.29 65.29 65.04 63.54 64.04 65.79
Oct 22 69.19 68.19 68.19 66.19 66.19 64.44 64.94 66.76
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through October Through October 15, 2020
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,070,70 - 5,761,900
Exports 148,600 2,205,40194,100 2,699,100
Total export commitments - 9,276,10 - 8,461,000
New sales 143,500 - 240,200 -
Buy-backs and cancellations 3,000 - 12,400 -
Net sales 140,500 - 227,800 -
Sales next marketing year 8,400 704,600 21,300 520,200
Net sales of 227,800 RB for 2020/2021 were up noticeably from the previous week
and up 51 percent from the prior 4-week average. Increases primarily for Pakistan
(93,300 RB, including 800 RB switched from Indonesia), China (47,500 RB, including
decreases of 10,600 RB), Mexico (33,800 RB), Vietnam (30,100 RB, including 1,100 RB
switched from China and decreases of 100 RB), and Bangladesh (9,000 RB), were offset
by reductions primarily for Japan (1,000 RB) and Indonesia (800 RB). For 2021/2022,
net sales of 21,300 RB were for China (17,200 RB) and Mexico (4,100 RB). Exports
of 194,100 RB were up 1 percent from the previous week, but down 7 percent from the
prior 4-week average. Exports were primarily to China (95,500 RB), Pakistan (29,100 RB),
Vietnam (16,200 RB), Indonesia (12,600 RB), and Bangladesh (12,000 RB). Net sales
of Pima totaling 29,600 RB--a marketing-year high--were up 66 percent from the previous
week and 53 percent from the prior 4-week average. Increases were primarily for China
(9,800 RB), India (5,700 RB, including decreases of 100 RB), Pakistan (3,900 RB),
Bangladesh (3,800 RB), and Turkey (1,300 RB). Exports of 7,400 RB were down 41 percent
from the previous week and 43 percent from the prior 4-week average. The destinations
were primarily to India (3,400 RB), Peru (1,800 RB), China (1,100 RB), Bangladesh
(600 RB), and Germany (200 RB).
Exports for Own Account: For 2020/2021, new exports for own account totaling
7,400 RB were to China. Decreases were reported for China (300 RB). The current
exports for own account outstanding balance of 20,100 RB is for China (15,200 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