MP_CN208 4/18/2024 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 2023-2024 Mar Mar Mar 29 Apr Apr Apr 15-21 22-28 Apr 4 5-11 12-18 19-25 Adjusted world price 1/ 76.10 72.50 70.88 69.48 65.43 62.18 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 0.39 0.00 0.03 0.03 0.08 0.13 Fine count adjustment 20 0.64 0.20 0.28 0.28 0.33 0.38 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. 0 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/ May-24 Jul-24 Oct-24 Dec-24 Mar-25 May-25 Average Current Apr 1 82.62 84.59 80.94 80.11 81.25 82.25 75.58 89.60 0.00 Apr 1 82.93 85.15 81.56 80.57 81.78 82.78 75.89 88.90 0.00 Apr 1 81.29 83.09 79.05 79.14 80.46 81.46 74.25 89.60 0.00 Apr 1 79.56 81.33 79.06 78.54 79.84 80.91 73.08 88.95 0.00 Apr 1 78.10 80.61 78.13 77.41 79.10 80.35 72.36 87.35 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 DeETX/STX WTX/OK/KDesert SSJ ValleAverage Apr 1 79.87 79.12 78.87 72.12 72.12 73.37 73.62 75.58 Apr 1 80.18 79.43 79.18 72.43 72.43 73.68 73.93 75.89 Apr 1 78.54 77.79 77.54 70.79 70.79 72.04 72.29 74.25 Apr 1 78.08 77.08 77.08 69.08 69.33 70.33 70.58 73.08 Apr 1 77.36 76.36 76.36 68.36 68.61 69.61 69.86 72.36 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through April 13Through April 11, 2024 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,389,90 - 3,484,600 Exports 289,800 7,436,20266,700 7,632,600 Total export commitments - 11,826,1 - 11,117,200 New sales 94,700 - 152,100 - Buy-backs and cancellations 32,600 - 6,000 - Net sales 62,100 - 146,100 - Sales next marketing year 38,000 1,437,40 80,100 1,201,400 Net sales of Upland totaling 146,100 RB for 2023/2024 were up 79 percent from the previous week and 64 percent from the prior 4-week average. Increases primarily for China (92,600 RB, including decreases of 3,500 RB), Pakistan (9,600 RB), Vietnam (9,000 RB, including 1,800 RB switched from China and 100 RB switched from South Korea), Bangladesh (5,500 RB), and El Salvador (3,900 RB), were offset by reductions for Costa Rica (600 RB). Net sales of 80,100 RB for 2024/2025 were primarily for Honduras (45,100 RB), Peru (10,500 RB), Pakistan (6,600 RB), Bangladesh (6,600 RB), and Mexico (6,500 RB). Exports of 266,700 RB were down 3 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to China (112,700 RB), Pakistan (46,700 RB), Vietnam (36,400 RB), Turkey (27,100 RB), and Mexico (7,600 RB). Net sales of Pima totaling 2,700 RB for 2023/2024 were down 66 percent from the previous week and 57 percent from the prior 4-week average. Increases reported for India (2,500 RB, including 500 RB switched from Italy), Brazil (400 RB), Bangladesh (200 RB), Thailand (100 RB), and Vietnam (100 RB), were offset by reductions for Italy (500 RB) and Japan (100 RB). Exports of 5,900 RB were down 63 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to India (3,100 RB), China (700 RB), Brazil (700 RB), Egypt (400 RB), and Italy (300 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh. For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2023/2024, new exports for own account totaling 3,400 RB were to China. Exports for own account totaling 12,000 RB to China (9,000 RB) and Pakistan (3,000 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 67,200 RB are for China (43,900 RB), Vietnam (14,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).