Weekly Cotton Market Review, selected tables
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