MP_CN208 3/4/2021 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 29 Feb Feb Feb Feb 26 Mar Feb 4 5-11 12-18 19-25 Mar 4 5-11 Adjusted world price 1/ 67.59 66.38 70.32 73.13 75.76 73.95 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 1.03 1.00 1.14 1.30 1.41 1.15 Fine count adjustment 20 0.98 0.95 1.09 1.25 1.36 1.10 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 26 87.82 88.83 89.71 85.18 84.33 83.61 83.94 95.10 0.00 Mar 01 90.26 91.57 92.46 87.74 86.79 85.37 86.68 94.35 0.00 Mar 02 89.44 90.99 91.92 87.04 86.45 84.93 86.10 96.75 0.00 Mar 03 86.90 88.45 89.41 85.26 85.01 83.67 83.56 96.15 0.00 Mar 04 85.59 87.14 88.13 84.53 84.00 83.07 82.25 93.65 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 26 87.08 86.08 86.08 83.08 83.08 80.83 81.33 83.94 Mar 01 89.82 88.82 88.82 85.82 85.82 83.57 84.07 86.68 Mar 02 89.24 88.24 88.24 85.24 85.24 82.99 83.49 86.10 Mar 03 86.70 85.70 85.70 82.70 82.70 80.45 80.95 83.56 Mar 04 85.39 84.39 84.39 81.39 81.39 79.14 79.64 82.25 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2019-2020 2020-2021 Description Through FebruaryThrough February 25, 2021 Week Mkt. Yea Week Mkt. Year Outstanding sales - 6,997,40 - 5,447,900 Exports 478,200 7,045,50377,400 8,129,800 Total export commitments - 14,042,9 - 13,577,700 New sales 475,500 - 213,400 - Buy-backs and cancellations 80,000 - 44,300 - Net sales 395,500 - 169,000 - Sales next marketing year 53,200 1,536,20 40,600 1,196,700 Net sales of 169,000 RB for 2020/2021 were down 32 percent from the previous week and 27 percent from the prior 4-week average. Increases primarily for Vietnam (65,300 RB, including 2,000 RB switched from China, 1,700 RB switched from South Korea, and decreases of 1,700 RB), Pakistan (33,600 RB), China (24,100 RB, including decreases of 100 RB), Indonesia (23,200 RB, including 1,400 RB switched from Japan and decreases 2,800 RB), and Bangladesh (15,900 RB, including decreases of 100 RB), were offset by reductions primarily for Turkey (23,900 RB). For 2021/2022, net sales of 40,600 RB were primarily for Vietnam (15,500 RB), China (13,200 RB), Guatemala (6,500 RB), Pakistan (2,600 RB), and Peru (1,500 RB). Exports of 377,400 RB were up 29 percent from the previous week and 11 percent from the prior 4-week average. Exports were primarily to Vietnam (98,800 RB), China (94,700 RB), Pakistan (49,700 RB), Turkey (27,600 RB), and Indonesia (22,700 RB). Net sales of Pima totaling 7,800 RB were down 34 percent from the previous week and 43 percent from the prior 4-week average. Increases were primarily for China (3,900 RB), Turkey (1,900 RB), India (1,600 RB, including decreases of 100 RB), and Italy (300 RB). Exports of 9,100 RB were down 26 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to China (2,600 RB), Vietnam (2,200 RB), Pakistan (1,100 RB), Peru (1,100 RB), and India (900 RB). Exports for Own Account: For 2020/2021, new exports for own account totaling 13,900 RB were to Vietnam (10,600 RB), China (2,000 RB), Malaysia (1,100 RB), and Bangladesh (200 RB). Exports for own account totaling 6,500 RB to Vietnam (4,400 RB), China (1,700 RB), and Bangladesh (400 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 40,500 RB is for China (28,200 RB), Vietnam (10,800 RB), Malaysia (1,100 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