MP_CN208
12/3/2020 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 30 Nov Nov Nov Nov 27 Dec
Nov 5 6-12 13-19 20-26 Dec 3 4-10
Adjusted world price 1/ 57.37 56.01 56.71 56.84 58.63 58.42
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 0.60 0.71 0.76 0.82 0.85 0.85
Fine count adjustment 20 0.55 0.66 0.71 0.77 0.80 0.80
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 27 71.68 73.24 74.06 74.71 72.36 71.44 68.67 78.95 0.00
Nov 30 70.59 72.15 73.05 73.75 71.58 70.75 67.65 79.80 0.00
Dec 01 70.59 72.19 73.07 73.77 71.80 71.00 67.69 78.85 0.00
Dec 02 69.99 71.60 72.50 73.24 71.35 70.55 67.10 78.85 0.00
Dec 03 69.42 71.11 72.00 72.76 70.90 70.28 66.68 78.35 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 27 71.24 70.24 70.24 67.99 67.99 66.24 66.74 68.67
Nov 30 70.15 69.40 69.40 66.90 66.90 65.15 65.65 67.65
Dec 01 70.19 69.44 69.44 66.94 66.94 65.19 65.69 67.69
Dec 02 69.60 68.85 68.85 66.35 66.35 64.60 65.10 67.10
Dec 03 69.61 68.36 68.36 65.86 65.86 64.11 64.61 66.68
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through NovemberThrough November 26, 2020
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,467,30 - 5,733,900
Exports 166,700 3,099,30180,800 4,132,100
Total export commitments - 10,566,6 - 9,866,000
New sales 169,100 - 283,900 -
Buy-backs and cancellations 5,400 - 6,100 -
Net sales 163,700 - 277,900 -
Sales next marketing year 2,200 979,700 21,800 651,900
Net sales of 277,900 RB for 2020/2021 were down 22 percent from the previous week, but
up 33 percent from the prior 4-week average. Increases were primarily for China (130,800 RB),
Vietnam (46,000 RB, including 4,600 RB switched from China and decreases of 5,800 RB),
Pakistan (44,500 RB), Turkey (12,500 RB), and Indonesia (11,100 RB). For 2021/2022, net
sales of 21,800 RB were for Vietnam (15,400 RB) and Mexico (6,400 RB). Exports of 180,800 RB
were down 1 percent from the previous week and 29 percent from the prior 4-week average.
Exports were primarily to China (80,300 RB), Vietnam (27,500 RB), Pakistan (17,000 RB),
Bangladesh (12,000 RB), and Mexico (11,700 RB). Net sales of Pima totaling 7,900 RB were
down 71 percent from the previous week and 54 percent from the prior 4-week average.
Increases were primarily for Peru (3,500 RB), Vietnam (1,800 RB), Honduras (1,200 RB),
and Bangladesh (900 RB). Exports of 27,600 RB--a marketing-year high--were up 27 percent
from the previous week and 31 percent from the prior 4-week average. The destinations
were primarily to India (12,400 RB), China (7,400 RB), Pakistan (4,100 RB), Vietnam
(1,600 RB), and Thailand (1,000 RB).
Exports for Own Account: For 2020/2021, new exports for own account totaling 13,000 RB
were to China. Exports for own account totaling 2,900 RB to China (2,200 RB) and Vietnam
(700 RB) were applied to new or outstanding sales. The current exports for own account
outstanding balance of 41,900 RB is for China (40,500 RB), Bangladesh (1,000 RB), Indonesia
(300 RB), and Vietnam (100 RB).
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cnmnreports