MP_CN208 4/23/2020 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 2019-2020 Mar Mar 27 Apr Apr Apr Apr 20-26 Apr 2 3-9 10-16 17-23 24-30 Adjusted world price 1/ 49.95 44.99 42.63 44.29 44.78 45.25 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 2.05 7.01 9.37 7.71 7.22 6.75 Fine count adjustment 20 0.22 0.00 0.00 0.00 0.00 0.00 Fine count adjustment 20 0.07 0.00 0.00 0.00 0.00 0.00 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/ May-20 Jul-20 Oct-20 Dec-20 Mar-21 May-21 Average Current Apr 17 52.77 52.86 54.96 55.26 56.55 57.46 48.07 63.05 0.00 Apr 20 54.03 54.02 56.03 56.33 57.50 58.28 49.23 63.05 0.00 Apr 21 53.31 53.31 54.89 55.16 56.40 57.21 48.52 63.85 0.00 Apr 22 56.28 56.14 57.58 57.68 58.80 59.35 51.35 63.10 0.00 Apr 23 56.88 56.37 58.00 58.15 58.93 59.18 51.58 65.70 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 Apr 17 50.86 49.61 49.61 47.36 47.36 45.61 46.11 48.07 Apr 20 52.02 50.77 50.77 48.52 48.52 46.77 47.27 49.23 Apr 21 51.31 50.06 50.06 47.81 47.81 46.06 46.56 48.52 Apr 22 54.14 52.89 52.89 50.64 50.64 48.89 49.39 51.35 Apr 23 54.37 53.12 53.12 50.87 50.87 49.12 49.62 51.58 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. . 2018-2019 2019-2020 Description Through April 18Through April 16, 2020 Week Mkt. Yea Week Mkt. Year Outstanding sales - 5,454,90 - 5,427,000 Exports 318,000 8,178,30266,200 9,692,100 Total export commitments - 13,633,2 - 15,119,100 New sales 253,100 - 56,800 - Buy-backs and cancellations 14,200 - 41,100 - Net sales 239,000 - 15,700 - Sales next marketing year 48,900 3,340,70 46,400 2,232,100 Net sales of 15,700 RB for 2019/2020 were down noticeably from the previous weeks and down 73 percent from the prior 4-week average. Increases primarily for Vietnam (26,000 RB, including 1,300 RB switched from Taiwan, 700 RB switched from Hong Kong, and decreases of 900 RB), Pakistan (6,800 RB), China (4,600 RB, including decreases of 500 RB), South Korea (3,900 RB), and Bangladesh (2,700 RB, including decreases of 4,000 RB), were offset by reductions primarily for Mexico (15,900 RB), Indonesia (10,100 RB), Egypt (2,200 RB), and Taiwan (1,300 RB). For 2020/2021, net sales of 46,400 RB were primarily for Mexico (16,000 RB), Indonesia (9,200 RB), Pakistan (8,800 RB), Bangladesh (4,000 RB), and Turkey (3,300 RB). Exports of 266,200 RB were down 15 percent from the previous week and 33 percent from the prior 4-week average. Exports were primarily to Vietnam (86,800 RB), Pakistan (40,500 RB), Turkey (40,000 RB), China (30,800 RB), and Bangladesh (16,800 RB). Net sales of Pima totaling 2,300 RB were reported for Italy (2,200 RB) and Czech Republic (100 RB). Exports of 7,100 RB were down 63 percent from the previous week and 70 percent from the prior 4-week average. The destinations were primarily to China (2,600 RB), India (2,200 RB), Thailand (500 RB), Germany (400 RB), and Pakistan (400 RB). Exports for Own Account: For 2019/2020, new exports for own account totaling 2,500 RB were to Vietnam (1,700 RB) and Pakistan (800 RB). Exports for own account totaling 1,900 RB for Vietnam (1,700 RB) and Indonesia (200 RB) were applied to new or outstanding sales. Decreases were reported for Indonesia (1,700 RB). The current exports for own account outstanding balance of 27,900 RB is for Indonesia (15,300 RB), Bangladesh (6,500 RB), China (2,500 RB), India (1,700 RB), Pakistan (1,200 RB), Malaysia (400 RB), and Vietnam (300 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports