MP_CN208 10/5/2017 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 2016-2017 and 2017-2018 Sept Sept Sept Sept Sept 29 Oct 1-7 8-14 15-21 22-28 Oct 5 6-12 Adjusted world price 1/ 61.85 64.13 63.27 60.91 60.55 60.04 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 0.65 0.63 0.73 0.69 0.47 0.57 Fine count adjustment 20 0.80 0.78 0.88 0.84 0.62 0.72 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/ Oct-17 Dec-17 Mar-18 May-18 Jul-18 Oct-18 Average Current 0 0.00 0.00 Sep 29 69.08 68.45 67.78 68.35 68.81 67.31 66.93 79.05 0.00 Oct 2 68.20 67.57 67.02 67.71 68.25 66.79 66.23 78.55 0.00 Oct 3 68.15 67.52 66.81 67.54 68.12 66.95 66.19 77.70 0.00 Oct 4 69.43 68.80 67.91 68.62 69.16 67.87 67.25 77.60 0.00 Oct 5 68.90 68.27 67.68 68.40 68.91 67.60 66.87 78.65 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 Sep 29 69.20 68.45 68.45 67.75 67.25 63.20 64.20 66.93 Oct 2 68.32 67.57 67.57 67.50 67.00 62.32 63.32 66.23 Oct 3 68.27 67.52 67.52 67.50 67.00 62.27 63.27 66.19 Oct 4 69.55 68.80 68.80 68.00 67.50 63.55 64.55 67.25 Oct 5 69.02 68.27 68.27 68.00 67.50 63.02 64.02 66.87 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. Marketing Years 2016-2017 2017-2018 Description Through SeptembeThrough September 28, 2017 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,602,30 - 6,006,600 Exports 212,500 1,555,20114,900 1,387,800 Total export commitments - 5,157,50 0 7,394,400 New sales 162,300 - 174,200 - Buy-backs and cancellations 3,500 - 13,200 - Net sales 158,900 - 161,000 - Sales next marketing year 0 428,000 28,600 754,000 Net sales of 186,700 RB for 2017/2018 were reported for Vietnam (37,400 RB, including 100 RB switched from Japan), Indonesia (28,000 RB, including 2,600 RB switched from Japan and decreases of 500 RB), Thailand (26,100 RB, including 100 RB switched from Japan), Bangladesh (20,100 RB), and China (16,700 RB). Reductions were reported for Mexico (400 RB). For 2018/20sales of 66,000 RB were reported for Pakistan. Exports of 200,400 RB were primarily to China (53,400 RB), Vietnam (26,400 RB), Turkey (24,900 RB), Mexico (20,900 RB), and Indonesia (13,200 RB). Net sales of Pima totaling 3,700 RB for 2017/2018 were reported for India (2,100 RB), Hong Kong (1,200 RB), and Indonesia (200 RB). For 2018/2019, net sales of 1,100 RB wted for Thailand (900 RB) and India (200 RB). Exports of 4,000 RB were primarily to China (1,800 RB), Japan (1,400 RB), Thailand (300 RB), and India (200 RB). Optional Origin Sales: For 2017/2018, the current optional origin outstanding balance of 7,900 RB is for Indonesia. Exports for Own Account: New exports for own account totaling 7,500 RB were reportednesia (6,100 RB), Thailand (500 RB), Vietnam (400 RB), and China (400 RB). Exports to Thailand (500 RB) and China (400 RB) were applied to new or outstanding sales. Decreases totaling 900 RB were reported for Indonesia. The current outstanding balance of 76,400 RB is for Indonesia (53,200 RB), Taiwan (13,100 RB), India (3,800 RB), Bangladesh (2,800 RB), South Kor RB), Vietnam (900 RB), and Pakistan (500 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports