MP_CN208
11/26/2020 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 Oct 30 Nov Nov Nov Nov 27
23-29 Nov 5 6-12 13-19 20-26 Dec 3
Adjusted world price 1/ 55.71 57.37 56.01 56.71 56.84 58.63
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 0.44 0.60 0.71 0.76 0.82 0.85
Fine count adjustment 20 0.39 0.55 0.66 0.71 0.77 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 20 70.88 72.96 73.79 74.40 71.53 70.57 68.07 77.90 0.00
Nov 23 72.15 73.80 74.65 75.24 72.44 71.50 68.91 79.20 0.00
Nov 24 71.53 72.98 73.83 74.47 72.07 71.03 68.19 80.15 0.00
Nov 25 70.80 72.36 73.21 73.89 71.65 70.73 67.57 79.45 0.00
Nov 26 0.00 Holiday 0.00 Holiday 0.00 Holiday Holiday 78.95 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 20 70.71 69.71 69.71 67.46 67.46 65.46 65.96 68.07
Nov 23 71.55 70.55 70.55 68.30 68.30 66.30 66.80 68.91
Nov 24 70.98 69.98 69.98 67.48 67.48 65.48 65.98 68.19
Nov 25 70.36 69.36 69.36 66.86 66.86 64.86 65.36 67.57
Nov 26 Holiday Holiday Holiday Holiday Holiday Holiday Holiday Holiday
Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News.
0
2019-2020 2020-2021
Description Through NovemberThrough November 19, 2020
Week Mkt. Yea Week Mkt. Year
Outstanding sales - 7,470,40 - 5,636,800
Exports 184,400 2,932,60183,000 3,951,300
Total export commitments - 10,403,0 - 9,588,100
New sales 379,000 - 435,700 -
Buy-backs and cancellations 97,500 - 81,100 -
Net sales 281,500 - 354,700 -
Sales next marketing year 23,800 977,500 38,500 630,100
Net sales of 354,700 RB for 2020/2021 were up noticeably from the previous week and up 84 percent
from the prior 4-week average. Increases primarily for Vietnam (169,500 RB, including decreases
of 13,200 RB), Bangladesh (89,400 RB), Turkey (28,700 RB), China (28,000 RB, including 900 RB
switched from Hong Kong and decreases of 63,900 RB), and Pakistan (10,500 RB), were offset by
reductions for Hong Kong (900 RB) and Costa Rica (400 RB). For 2021/2022, net sales of 38,500 RB
were for China (37,000 RB), Mexico (1,100 RB), and Costa Rica (400 RB). Exports of 183,000 RB
were down 34 percent from the previous week and 32 percent from the prior 4-week average.
Exports were primarily to China (89,500 RB), Vietnam (20,900 RB), Pakistan (19,700 RB), Mexico
(16,700 RB), and Bangladesh (8,400 RB). Net sales of Pima totaling 26,900 RB were up noticeably
from the previous week and up 45 percent from the prior 4-week average. Increases primarily for
China (10,400 RB), Vietnam (4,900 RB), India (4,500 RB, including decreases of 100 RB), Peru
(2,900 RB), and Hong Kong (2,600 RB), were offset by reductions for Bangladesh (1,000 RB) and
Switzerland (400 RB). Exports of 21,700 RB were up 14 percent from the previous week and
11 percent from the prior 4-week average. The destinations were primarily to India (6,700 RB),
Bangladesh (5,000 RB), China (4,300 RB), Vietnam (1,900 RB), and Pakistan (1,900 RB).
Exports for Own Account: For 2020/2021, new exports for own account totaling 20,200 RB were
to China (19,400 RB) and Vietnam (800 RB). The current exports for own account outstanding
balance of 31,900 RB is for China (29,800 RB), Bangladesh (1,000 RB), Vietnam (800 RB), and Indonesia (300 RB).
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cnmnreports