MP_CN208 2/1/2024 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 Dec 29 Jan Jan Jan Jan 26 Feb Jan 4 5-11 12-18 19-25 Feb 1 2-8 Adjusted world price 1/ 64.16 64.96 64.28 65.47 67.64 68.04 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 0.38 0.38 0.43 0.42 0.48 0.61 Fine count adjustment 20 0.63 0.63 0.68 0.67 0.73 0.86 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/ Mar-24 May-24 Jul-24 Oct-24 Dec-24 Mar-25 Average Current Jan 26 84.37 85.63 86.32 82.06 80.62 80.70 80.73 94.85 0.00 Jan 29 84.26 85.57 86.35 82.40 81.05 81.21 80.62 93.55 0.00 Jan 30 84.78 86.06 86.83 82.82 81.27 81.38 81.10 93.30 0.00 Jan 31 85.17 86.41 87.13 82.98 81.50 81.72 81.49 93.70 0.00 Feb 01 86.49 87.64 88.25 83.43 81.86 82.14 82.81 94.10 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 Jan 26 83.62 82.37 82.37 78.87 79.87 78.87 79.12 80.73 Jan 29 83.51 82.26 82.26 78.76 79.76 78.76 79.01 80.62 Jan 30 84.03 82.78 82.78 79.28 80.03 79.28 79.53 81.10 Jan 31 84.42 83.17 83.17 79.67 80.42 79.67 79.92 81.49 Feb 01 85.74 84.49 84.49 80.99 81.74 80.99 81.24 82.81 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2022-2023 2023-2024 Description Through January Through January 25, 2024 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,864,10 - 5,566,200 Exports 212,200 4,589,10396,700 4,296,200 Total export commitments - 9,453,20 - 9,862,400 New sales 199,600 - 372,000 - Buy-backs and cancellations 28,500 - 22,600 - Net sales 171,200 - 349,400 - Sales next marketing year 20,200 1,256,40 25,200 708,400 Net sales of 349,400 RB for 2023/2024 were up 69 percent from the previous week and 37 percent from the prior 4-week average. Increases primarily for China (133,200 RB, including decreases of 5,000 RB), Vietnam (82,800 RB, including 400 RB switched from South Korea and decreases of 1,700 RB), Pakistan (68,900 RB, including decreases of 6,600 RB), Turkey (17,400 RB), and Bangladesh (11,000 RB), were offset by reductions for South Korea (3,100 RB). Net sales of 25,200 RB for 2024/2025 were reported for Pakistan (12,800 RB), Mexico (10,200 RB), and Turkey (2,200 RB). Exports of 396,700 RB--a marketing-year high--were up noticeably from the previous week and up 89 percent from the prior 4-week average. The destinations were primarily to China (183,700 RB), Pakistan (53,000 RB), Vietnam (34,500 RB), Mexico (26,200 RB), and Turkey (21,700 RB). Net sales of Pima totaling 13,500 RB for 2023/2024 were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for China (7,700 RB), Ethiopia (2,200 RB), India (1,300 RB), Turkey (900 RB), and Peru (500 RB). Exports of 11,200 RB were up noticeably from the previous week and up 15 percent from the prior 4-week average. The destinations were primarily to China (5,300 RB), India (2,600 RB), Turkey (1,100 RB), Peru (1,000 RB), and Thailand (800 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh. Exports for Own Account: For 2023/2024, new exports for own account totaling 1,700 RB were to China. Exports for own account totaling 7,500 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 79,000 RB are for China (57,200 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).