MP_CN208 1/21/2021 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 Dec Dec Jan Jan Jan Jan 18-24 25-31 1-7 8-14 15-21 22-28 Adjusted world price 1/ 60.90 62.01 63.03 65.25 66.23 66.70 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 0.82 0.87 0.92 0.96 1.00 1.02 Fine count adjustment 20 0.77 0.82 0.87 0.91 0.95 0.97 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/ Mar-21 May-21 Jul-21 Oct-21 Dec-21 Mar-22 Average Current Jan 15 80.70 81.62 82.37 78.97 77.02 77.47 76.56 87.60 0.00 Jan 18 Holiday 0.00 Holiday 0.00 Holiday 0.00 87.10 0.00 Jan 19 81.15 82.07 82.84 79.49 77.69 77.99 77.01 87.10 0.00 Jan 20 81.59 82.50 83.28 79.53 77.95 78.22 77.45 87.60 0.00 Jan 21 82.57 83.50 84.30 80.64 79.04 79.27 78.64 88.10 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 Jan 15 79.70 78.70 78.70 75.70 75.70 73.45 73.95 76.56 Jan 18 Holiday Holiday Holiday Holiday Jan 19 80.15 79.15 79.15 76.15 76.15 73.90 74.40 77.01 Jan 20 80.59 79.59 79.59 76.59 76.59 74.34 74.84 77.45 Jan 21 81.57 80.57 80.57 78.07 78.07 75.57 76.07 78.64 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through January Through January 14, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,446,00 - 6,036,200 Exports 282,600 4,721,20322,400 6,120,400 Total export commitments - 12,167,2 - 12,156,600 New sales 390,000 - 331,500 - Buy-backs and cancellations 82,300 - 39,200 - Net sales 307,800 - 292,400 - Sales next marketing year 13,200 1,030,70 39,500 885,800 Net sales of 292,400 RB for 2020/2021 were down 10 percent from the previous week and 1 percent from the prior 4-week average. Increases primarily for Vietnam (123,700 RB, including 200 RB switched from Japan), Pakistan (66,100 RB, including decreases of 200 RB), Turkey (46,000 RB), Bangladesh (37,600 RB), and Indonesia (13,400 RB, including 200 RB switched from Japan and decreases of 2,800 RB), were offset by reductions primarily for China (22,300 RB). For 2021/2022, net sales of 39,500 RB were primarily for Bangladesh (18,000 RB), Pakistan (11,000 RB), Mexico (6,000 RB), and Turkey (4,4000 RB). Exports of 322,400 RB were up 17 percent from the previous week and 18 percent from the prior 4-week average. Exports were primarily to China (137,100 RB), Pakistan (54,800 RB), Vietnam (39,400 RB), Mexico (21,000 RB), and Turkey (13,300 RB). Net sales of Pima totaling 23,800 RB were down 34 percent from the previous week, but up 8 percent from the prior 4-week average. Increases were primarily for India (9,300 RB, including 400 RB switched from Pakistan), Vietnam (4,400 RB), Peru (1,900 RB), United Arab Emirates (1,900 RB), and Turkey (1,600 RB). Exports of 8,400 RB were down 19 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to India (2,500 RB), Bangladesh (2,200 RB), Honduras (1,200 RB), Pakistan (1,000 RB), and Peru (900 RB). Exports for Own Account: For 2020/2021, new exports for own account totaling 2,400 RB were to China (1,900 RB) and Indonesia (400 RB). Exports for own account totaling 1,700 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 5,100 RB is for China (4,700 RB) and Indonesia (400 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports