MP_CN208
11/19/2020 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
Oct Oct Oct 30 Nov Nov Nov
16-22 23-29 Nov 5 6-12 13-19 20-26
Adjusted world price 1/ 53.43 55.71 57.37 56.01 56.71 56.84
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 0.33 0.44 0.60 0.71 0.76 0.82
Fine count adjustment 20 0.28 0.39 0.55 0.66 0.71 0.77
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-20 Mar-21 May-21 Jul-21 Oct-21 Dec-21 Average Current
Nov 13 68.46 70.40 71.27 71.96 69.46 68.85 64.35 76.65 0.00
Nov 16 69.57 71.58 72.46 73.12 70.82 69.88 66.47 76.45 0.00
Nov 17 69.11 71.30 72.18 72.87 70.42 69.74 66.19 77.80 0.00
Nov 18 69.68 71.83 72.70 73.38 70.78 70.33 66.79 77.65 0.00
Nov 19 69.32 71.67 72.57 73.27 70.97 70.32 66.71 78.15 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 13 67.21 66.21 66.21 63.46 63.46 61.71 62.21 64.35
Nov 16 69.33 68.33 68.33 65.58 65.58 63.83 64.33 66.47
Nov 17 69.05 68.05 68.05 65.30 65.30 63.55 64.05 66.19
Nov 18 69.58 68.58 68.58 66.08 66.08 64.08 64.58 66.79
Nov 19 69.42 68.42 68.42 65.92 65.92 64.17 64.67 66.71
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through NovemberThrough November 12, 2020
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,373,30 - 5,465,100
Exports 137,900 2,748,10277,300 3,768,300
Total export commitments - 10,121,4 - 9,233,400
New sales 270,700 - 179,300 -
Buy-backs and cancellations 43,100 - 47,900 -
Net sales 227,600 - 131,400 -
Sales next marketing year 58,200 953,700 0 591,600
Net sales of 131,400 RB for 2020/2021 were down 45 percent from the previous week
and 40 percent from the prior 4-week average. Increases primarily for Vietnam
(64,000 RB, including 4,700 RB switched from China and 2,100 RB switched from Japan),
Pakistan (33,100 RB), Turkey (22,500 RB), Indonesia (13,100 RB, including 2,900 RB
switched from Japan and decreases of 300 RB), and Malaysia (5,500 RB), were offset
by reductions primarily for China (24,200 RB) and Japan (5,000 RB). Exports of
277,300 RB were down 5 percent from the previous week, but up 13 percent from the
prior 4-week average. Exports were primarily to China (134,700 RB), Pakistan (34,800 RB),
Vietnam (33,700 RB), Turkey (17,600 RB), and Mexico (13,900 RB). Net sales of Pima
totaling 4,600 RB--a marketing-year low--were down 77 percent from the previous week
and 82 percent from the prior 4-week average. Increases were primarily for Turkey
(1,600 RB), Thailand (1,200 RB), El Salvador (600 RB), Peru (500 RB), and Taiwan (400 RB).
Exports of 19,100 RB were down 12 percent from the previous week, but up 14 percent
from the prior 4-week average. The destinations were primarily to China (4,600 RB),
Vietnam (3,200 RB), India (3,200 RB), Peru (2,700 RB), and Bangladesh (2,300 RB).
Exports for Own Account: For 2020/2021, new exports for own account of 4,500 RB
were reported for China. The current exports for own account outstanding balance of
11,700 RB is for China (10,400 RB), Bangladesh (1,000 RB), and Indonesia (300 RB).
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cnmnreports