MP_CN208
5/13/2021 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
Apr Apr Apr Apr 30 May May
9-15 16-22 23-29 May 6 7-13 14-20
Adjusted world price 1/ 64.92 68.16 70.49 73.71 71.39 72.91
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 0.38 0.48 0.56 0.74 1.00 1.07
Fine count adjustment 20 0.33 0.43 0.51 0.69 0.95 1.02
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/
Jul-21 Oct-21 Dec-21 Mar-22 May-22 Jul-22 Average Current
May 07 89.66 88.41 86.89 85.92 85.06 84.06 85.48 95.50 0.00
May 10 88.47 87.43 86.10 85.48 84.87 84.10 84.29 94.75 0.00
May 11 87.75 86.43 85.53 85.12 84.61 83.96 83.57 93.60 0.00
May 12 88.23 86.64 85.67 85.25 84.74 84.08 84.05 92.90 0.00
May 13 84.98 83.88 83.30 83.04 82.72 82.22 80.80 93.40 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
May 07 88.41 87.41 87.41 84.66 84.66 82.66 83.16 85.48
May 10 87.22 86.22 86.22 83.47 83.47 81.47 81.97 84.29
May 11 86.50 85.50 85.50 82.75 82.75 80.75 81.25 83.57
May 12 86.98 85.98 85.98 83.23 83.23 81.23 81.73 84.05
May 13 83.73 82.73 82.73 79.98 79.98 77.98 78.48 80.80
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through May 7, 2Through May 6, 2021
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 5,604,50 - 3,706,200
Exports 241,700 10,557,9277,200 11,561,200
Total export commitments - 16,162,4 - 15,267,400
New sales 250,300 - 66,000 -
Buy-backs and cancellations 12,200 - 11,600 -
Net sales 238,100 - 54,400 -
Sales next marketing year 93,300 2,529,80 72,100 1,807,000
Net sales of 54,400 RB for 2020/2021 were down 15 percent from the previous week and 41
percent from the prior 4-week average. Increases primarily for Vietnam (26,200 RB,
including 5,800 RB switched from Indonesia and 1,800 RB switched from Hong Kong), China
(14,500 RB, including 2,600 RB switched from Vietnam and 200 RB switched from Hong Kong),
Bangladesh (7,800 RB), Pakistan (6,200 RB, including 900 RB switched from Vietnam and
decreases of 4,300 RB), and Thailand (5,600 RB, including 2,700 RB switched from Indonesia,
2,600 RB switched from Taiwan and decreases of 400 RB), were offset by reductions
primarily for Indonesia (4,800 RB), Taiwan (2,400 RB), and Hong Kong (2,000 RB). For
2021/2022, net sales of 72,100 RB were for Pakistan (39,600 RB), Mexico (23,800 RB),
Honduras (4,000 RB), Nicaragua (2,500 RB), and Thailand (2,200 RB). Exports of 277,200 RB
were down 39 percent from the previous week and 23 percent from the prior 4-week average.
Exports were primarily to Vietnam (73,700 RB), China (47,500 RB), Pakistan (41,900 RB),
Turkey (25,900 RB), and Bangladesh (15,900 RB). Net sales of Pima totaling 3,800 RB were
down 66 percent from the previous week and 41 percent from the prior 4-week average.
Increases were primarily for Honduras (2,300 RB) and India (1,300 RB). Total net sales
for 2021/2022 of 200 RB were for Japan. Exports of 19,300 RB were down 22 percent from
the previous week, but up 3 percent from the prior 4-week average. The destinations were
primarily to China (5,000 RB), India (4,700 RB), Pakistan (4,500 RB), Vietnam (1,700 RB),
and South Korea (1,200 RB).
Exports for Own Account: For 2020/2021, the current exports for own account outstanding
balance of 17,500 RB is for Vietnam (9,500 RB), China (7,600 RB), and Bangladesh (400 RB).
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cnmnreports