MP_CN208 11/21/2019 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 Oct Oct Nov Nov Nov Nov 18-24 25-31 1-7 8-14 15-21 22-28 Adjusted world price 1/ 55.26 57.11 57.33 56.63 57.06 56.36 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 0.00 0.33 1.28 0.96 0.56 0.34 Fine count adjustment 20 0.00 0.18 1.13 0.81 0.41 0.19 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-19 Mar-20 May-20 Jul-20 Oct-20 Dec-20 Average Current Nov 64.86 66.69 67.87 68.84 69.16 68.81 61.73 74.90 0.00 Nov 64.21 65.97 67.24 68.32 68.61 68.26 61.01 75.50 0.00 Nov 63.44 65.35 66.62 67.67 67.87 67.95 60.39 75.00 0.00 Nov 62.24 64.28 65.48 66.53 66.83 66.99 59.32 74.40 0.00 Nov 61.84 64.01 65.14 66.14 66.44 66.56 59.12 73.40 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 Nov 64.69 63.69 63.69 61.19 60.94 58.69 59.19 61.73 Nov 63.97 62.97 62.97 60.47 60.22 57.97 58.47 61.01 Nov 63.35 62.35 62.35 59.85 59.60 57.35 57.85 60.39 Nov 62.28 61.28 61.28 58.78 58.53 56.28 56.78 59.32 Nov 62.01 61.01 61.01 58.51 58.26 56.26 56.76 59.12 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. . 2018-2019 2019-2020 Description Through NovemberThrough November 14, 2019 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,115,20 - 7,373,300 Exports 150,800 2,401,40137,900 2,748,100 Total export commitments - 9,516,60 - 10,121,400 New sales 227,800 - 270,700 - Buy-backs and cancellations 17,300 - 43,100 - Net sales 210,500 - 227,600 - Sales next marketing year 31,700 1,927,90 58,200 953,700 Net sales of 227,600 RB for 2019/2020 were down 34 percent from the previous week, but up 20 from the prior 4-week average. Increases primarily for Vietnam (95,600 RB), Pakistan (40,100 RB), Bangladesh (31,200 RB), Turkey (28,200 RB), and Japan (14,300 RB), were offset by reductions for China (24,200 RB). For 2020/2021, net sales of 58,200 RB were primarily for China (39,600 RB), Guatemala (15,800 RB), and India (1,800 RB). Exports of 137,900 RB were up 9 percent from the previous week, but unchanged from the prior 4-week average. Exports were primarily to Pakistan (28,800 RB), Vietnam (27,300 RB), China (22,000 RB), Mexico (18,400 RB), and Bangladesh (9,600 RB). Net sales of Pima totaling 7,100 RB were down 41 percent from the previous week and 60 percent from the prior 4-week average. Increases were primarily for Vietnam (2,200 RB), El Salvador (1,100 RB), Bangladesh (1,000 RB), Peru (800 RB), and Pakistan (600 RB). Exports of 5,900 RB were up 87 percent from the previous week, but down 13 percent from the prior 4-week average. The primary destinations were India (2,900 RB), China (900 RB), El Salvador (900 RB), Peru (300 RB), and Bangladesh (300 RB). Exports for Own account: For 2019/2020, new exports for own account totaling 3,600 RB were to China (2,000 RB), Pakistan (800 RB), Indonesia (500 RB), Vietnam (200 RB), and Japan (100 RB). Exports for own account totaling 3,700 RB to Vietnam (1,700 RB), Pakistan (800 RB), China (600 RB), Indonesia (500 RB), and Japan (100 RB) were applied to new or outstanding sales. Decreases were reported for India (1,400 RB) and Vietnam (100 RB). The current exports for own account outstanding balance of 19,900 RB is for India (15,400 RB) and China (4,500 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports