MP_CN208 2/25/2021 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 Jan Jan 29 Feb Feb Feb Feb 26 22-28 Feb 4 5-11 12-18 19-25 Mar 4 Adjusted world price 1/ 66.70 67.59 66.38 70.32 73.13 75.76 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 1.02 1.03 1.00 1.14 1.30 1.41 Fine count adjustment 20 0.97 0.98 0.95 1.09 1.25 1.36 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 Feb 19 88.95 90.48 91.21 87.06 85.50 84.55 85.59 95.40 0.00 Feb 22 90.91 92.41 93.08 88.37 86.59 85.43 87.52 95.60 0.00 Feb 23 91.37 92.67 93.33 88.40 86.75 85.26 87.78 97.35 0.00 Feb 24 92.33 93.69 94.33 89.29 87.66 85.94 88.80 97.60 0.00 Feb 25 88.24 89.69 90.37 86.18 84.78 83.83 84.80 98.50 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 DeEast TX/West TexDesert SSJ ValleAverage Feb 19 88.73 87.73 87.73 84.73 84.73 82.48 82.98 85.59 Feb 22 90.66 89.66 89.66 86.66 86.66 84.41 84.91 87.52 Feb 23 90.92 89.92 89.92 86.92 86.92 84.67 85.17 87.78 Feb 24 91.94 90.94 90.94 87.94 87.94 85.69 86.19 88.80 Feb 25 87.94 86.94 86.94 83.94 83.94 81.69 82.19 84.80 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 2019-2020 2020-2021 Description Through FebruaryThrough February 18, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 7,080,10 - 5,656,200 Exports 324,100 6,567,30292,400 7,752,400 Total export commitments - 13,647,4 - 13,408,600 New sales 257,100 - 248,600 - Buy-backs and cancellations 42,400 - 800 - Net sales 214,600 - 247,800 - Sales next marketing year 198,900 1,482,90 40,700 1,156,100 Net sales of 247,800 RB for 2020/2021 were up noticeably from the previous week, but down 1 percent from the prior 4-week average. Increases were primarily for China (59,500 RB), Turkey (45,000 RB), Vietnam (44,900 RB, including 1,300 RB switched from South Korea and 200 RB switched from Japan), Pakistan (27,100 RB), and Mexico (21,900 RB). For 2021/2022, net sales of 40,700 RB resulting in increases for Mexico (61,000 RB), were offset by reductions for China (20,200 RB). Exports of 292,400 RB were down 6 percent from the previous week and 13 percent from the prior 4-week average. Exports were primarily to China (71,100 RB), Vietnam (66,400 RB), Pakistan (45,100 RB), Bangladesh (28,400 RB), and Turkey (17,700 RB). Net sales of Pima totaling 11,900 RB were down 18 percent from the previous week and 31 percent from the prior 4-week average. Increases were primarily for China (4,500 RB), Pakistan (2,200 RB), Japan (1,900 RB), Italy (1,500 RB), and Peru (1,200 RB). Exports of 12,200 RB were up 3 percent from the previous week, but down 6 percent from the prior 4-week average. The destinations were primarily to India (5,400 RB), China (2,500 RB), Vietnam (1,600 RB), Peru (1,300 RB), and Bangladesh (500 RB). Exports for Own Account: For 2020/2021, new exports for own account totaling 3,800 RB were to China (3,200 RB) and Bangladesh (600 RB). Exports for own account totaling 1,300 RB to Vietnam were applied to new or outstanding sales. The current exports for own account outstanding balance of 33,200 RB is for China (27,900 RB), Vietnam (4,600 RB), and Bangladesh (700 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports