Weekly Cotton Market Review, selected spot & landed mill quotations, differences
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