Weekly Cotton Market Review, selected tables
MP_CN208
2/13/2020       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

                        2019-2020
                          Jan     Jan     Jan    Jan 31   Feb     Feb
                         10-16   17-23   24-30   Feb 6    7-13   14-20

Adjusted world price 1/  60.08   61.40   61.29   60.59   58.44   58.82
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  0.55    0.63    0.60    0.71    0.61    0.62
Fine count adjustment 20  0.40    0.48    0.45    0.56    0.46    0.47
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-20 May-20  Jul-20  Oct-20  Dec-20  Mar-21  Average Current

Feb 07   67.75   68.14   69.02   68.37   68.86   69.78   63.32   77.00    0.00
Feb 10   68.19   68.74   69.54   68.74   69.25   70.10   63.76   76.75    0.00
Feb 11   68.23   68.74   69.56   68.76   69.31   70.07   63.80   77.20    0.00
Feb 12   68.58   69.24   70.07   70.17   69.82   70.51   64.15   77.20    0.00
Feb 13   67.75   68.63   69.50   69.59   69.34   70.06   63.32   77.70    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 07   66.50   65.00   65.00   62.75   62.50   60.50   61.00   63.32
Feb 10   66.94   65.44   65.44   63.19   62.94   60.94   61.44   63.76
Feb 11   66.98   65.48   65.48   63.23   62.98   60.98   61.48   63.80
Feb 12   67.33   65.83   65.83   63.58   63.33   61.33   61.83   64.15
Feb 13   66.50   65.00   65.00   62.75   62.50   60.50   61.00   63.32
Source:  USDA, AMS, Cotton and Tobacco Program, Cotton Market News.


                                           .
                                        2018-2019       2019-2020
Description                             Through FebruaryThrough February 6, 2020
                                          Week  Mkt. Yea  Week  Mkt. Year
Outstanding sales                          -      N/A      -    7,329,900
Exports                                   N/A     N/A   400,500 5,867,500
   Total export commitments                -      N/A      -    13,197,400
New sales                                 N/A      -    502,900    -
Buy-backs and cancellations               N/A      -    152,000    -
   Net sales                              N/A      -    350,900    -
Sales next marketing year                 N/A     N/A    57,300 1,142,900

Due to the government shutdown last year, February 7, 2019 data is not shown.                                                                                                                              
Net sales of 350,900 RB for 2019/2020--a marketing-year high--were up 6 percent from the previous week and 15 percent 
from the prior 4-week average.  Increases primarily for Vietnam (152,000 MT, including 
2,600 RB switched from South Korea), Turkey (74,000 RB), Pakistan (49,300 RB), 
Bangladesh (44,200 RB), and Indonesia (20,500 RB, including 1,200 RB switched from Japan), 
were offset by reductions primarily for China (48,400 RB).  For 2020/2021, net sales of 
57,300 RB were for Bangladesh (26,200 RB), Pakistan (18,500 RB), Malaysia (6,600 RB), 
Indonesia (5,300 RB), and Ecuador (700 RB).  Exports of 400,500 RB were down 4 percent 
from the previous week, but up 20 percent from the prior 4-week average.  Exports were 
primarily to Pakistan (93,400 RB), Vietnam (81,500 RB), Turkey (63,100 RB), China 
(52,200 RB), and Bangladesh (36,200 RB).  Net sales of Pima totaling 10,900 RB were up 
98 percent from the previous week, but down 42 percent from the prior 4-week average.  
Increases primarily for India (5,200 RB), Egypt (2,200 RB), Turkey (1,200 RB), 
Thailand (1,000 RB), and Italy (800 RB, including 300 RB switched from China), 
were offset by reductions for China (500 RB).  Exports of 7,400 RB were up 
28 percent from the previous week, but down 10 percent from the prior 4-week average.  
The primary destinations were India (2,100 RB), Pakistan (1,500 RB), El Salvador 
(900 RB), Peru (900 RB), and Bangladesh (800 RB). 

Exports for Own Account:  For 2019/2020, new exports for own account totaling 25,000 RB 
were primarily to Indonesia (17,900 RB), Vietnam (3,900 RB), Pakistan (1,000 RB), 
South Korea (1,000 RB), and Bangladesh (900 RB).  Exports for own account totaling 
9,900 RB to Vietnam (4,700 RB), Pakistan (3,200 RB), Bangladesh (1,100 RB), China 
(600 RB), and Japan (200 RB) were applied to new or outstanding sales.  Decreases 
were reported for India (1,100 RB).  The current exports for own account outstanding 
balance of 40,000 RB is for Indonesia (17,900 RB), Vietnam (7,500 RB), Bangladesh 
(6,200 RB), India (4,300 RB), China (2,700 RB), South Korea (1,000 RB), and Malaysia (400 RB).       


USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN  38133
www.ams.usda.gov/cnmnreports