MP_CN208 2/27/2025 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 2024-2025 Jan Jan 31 Feb Feb Feb Feb 28 24-30 Feb 6 7-13 14-20 21-27 Mar 6 Adjusted world price 1/ 53.71 54.02 53.18 53.99 54.67 53.89 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 0.26 0.39 0.16 0.00 0.00 0.00 Fine count adjustment 20 0.00 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. 0 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-25 May-25 Jul-25 Oct-25 Dec-25 Mar-26 Average Current Feb 21 66.08 67.34 68.31 69.39 69.15 70.23 63.77 78.05 0.00 Feb 24 66.51 67.88 68.80 69.74 69.50 70.48 64.31 77.90 0.00 Feb 25 65.96 67.37 68.30 69.31 69.08 70.07 63.80 78.50 0.00 Feb 26 65.37 66.87 67.87 69.10 68.75 69.76 63.30 78.00 0.00 Feb 27 65.20 66.60 67.68 68.94 68.67 69.70 63.03 77.50 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 DeETX/STX WTX/OK/KDesert SSJ ValleAverage Feb 21 66.34 65.34 65.34 61.84 62.59 62.34 62.59 63.77 Feb 24 Holiday 0.00 Holiday 0.00 Holiday 0.00 Holiday Holiday Feb 25 66.37 65.37 65.37 61.87 62.62 62.37 62.62 63.80 Feb 26 65.87 64.87 64.87 61.37 62.12 61.87 62.12 63.30 Feb 27 65.60 64.60 64.60 61.10 61.85 61.60 61.85 63.03 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2023-2024 2024-2025 Description Through FebruaryThrough February 20, 2025 Week Mkt. Yea Week Mkt. Year Outstanding sales - 5,133,90 - 5,102,100 Exports 267,100 5,343,40267,500 4,508,100 Total export commitments - 10,477,3 - 9,610,200 New sales 55,800 - 177,400 . Buy-backs and cancellations 15,800 - 10,500 - Net sales 40,000 - 166,900 - Sales next marketing year 13,400 822,300 32,600 693,900 Net sales of Upland totaling 166,900 RB for 2024/2025 were down 47 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for Vietnam (43,000 RB, including 1,100 RB switched from Hong Kong, 500 RB switched from South Korea, 100 RB switched from Japan, and decreases of 5,300 RB), China (31,100 RB), Turkey (26,700 RB), Pakistan (21,200 RB, including decreases of 2,300 RB), and Peru (13,500 RB), were offset by reductions for Costa Rica (2,600 RB) and South Korea (500 RB). Net sales of 32,600 RB for 2025/2026 were primarily for Turkey (13,200 RB), Honduras (8,800 RB), Vietnam (4,800 RB), Costa Rica (2,600 RB), and Peru (2,500 RB). Exports of 267,500 RB were down 10 percent from the previous week, but up 15 percent from the prior 4-week average. The destinations were primarily to Vietnam (80,300 RB), Pakistan (52,700 RB), India (25,000 RB), Turkey (24,100 RB), and China (15,100 RB). Net sales of Pima totaling 22,000 RB for 2024/2025 were up 27 percent from the previous week and up noticeably from the prior 4-week average. Increases were primarily for India (7,400 RB), Vietnam (6,800 RB), China (5,000 RB), and Peru (2,200 RB). Exports of 10,100 RB were up 56 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to India (6,700 RB), Pakistan (1,500 RB), Peru (1,100 RB), Colombia (300 RB), and Italy (200 RB). Optional Origin Sales: For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2024/2025, exports for own account totaling 400 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 5,300 RB, all China. USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports