Weekly Cotton Market Review, selected tables
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