MP_CN208 4/25/2024 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 29 Apr Apr Apr Apr 26 22-28 Apr 4 5-11 12-18 19-25 May 2 Adjusted world price 1/ 72.50 70.88 69.48 65.43 62.18 61.33 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 0.00 0.03 0.03 0.08 0.13 0.13 Fine count adjustment 20 0.20 0.28 0.28 0.33 0.38 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 78.69 81.02 78.57 77.55 79.13 80.28 72.77 86.55 0.00 Apr 2 80.04 82.42 79.22 78.49 80.05 81.21 74.17 87.05 0.00 Apr 2 80.22 81.72 79.04 78.08 79.76 81.02 73.47 88.55 0.00 Apr 2 79.51 81.01 78.47 77.69 79.31 80.55 72.76 88.25 0.00 Apr 2 79.58 81.08 78.56 77.64 79.31 80.56 72.83 87.80 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 77.77 76.77 76.77 68.77 69.02 70.02 70.27 72.77 Apr 2 79.17 78.17 78.17 70.17 70.42 71.42 71.67 74.17 Apr 2 78.47 77.47 77.47 69.47 69.72 70.72 70.97 73.47 Apr 2 77.76 76.76 76.76 68.76 69.01 70.01 70.26 72.76 Apr 2 77.83 76.83 76.83 68.83 69.08 70.08 70.33 72.83 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through April 20Through April 18, 2024 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,186,40 - 3,400,000 Exports 398,400 7,834,70261,700 7,894,300 Total export commitments - 12,021,1 - 11,294,300 New sales 200,000 - 180,000 - Buy-backs and cancellations 5,100 - 2,900 - Net sales 194,900 - 177,100 - Sales next marketing year 19,100 1,456,50 65,700 1,267,100 Net sales of Upland totaling 177,100 RB for 2023/2024 were up 21 percent from the previous week and 73 percent from the prior 4-week average. Increases were primarily for China (94,700 RB, including decreases of 500 RB), Pakistan (26,800 RB, including decreases of 100 RB), Vietnam (14,200 RB, including 100 RB switched from Japan and decreases of 1,000 RB), Turkey (9,700 RB), and Taiwan (5,500 RB). Net sales of 65,700 RB for 2024/2025 were primarily for China (22,000 RB), Honduras (12,100 RB), Turkey (11,000 RB), Mexico (10,000 RB), and Guatemala (4,900 RB). Exports of 261,700 RB were down 2 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to China (99,800 RB), Pakistan (39,100 RB), Turkey (27,000 RB), Vietnam (24,900 RB), and Bangladesh (24,600 RB). Net sales of Pima totaling 12,500 RB for 2023/2024 were up noticeably from the previous week and up 94 percent from the prior 4-week average. Increases were primarily for Vietnam (5,200 RB), China (4,500 RB), India (2,300 RB, including decreases of 300 RB), Guatemala (200 RB), and Germany (100 RB). Exports of 10,100 RB were up 73 percent from the previous week and 29 percent from the prior 4-week average. The destinations were primarily to China (3,800 RB), India (3,700 RB), Peru (1,300 RB), Turkey (800 RB), and Pakistan (400 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 700 RB were to China. The current exports for own account outstanding balance of 67,900 RB are for China (44,600 RB), Vietnam (14,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).