Weekly Cotton Market Review, selected tables
MP_CN208
10/11/2018      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

                         2018-2019
                          Sep     Sep     Sep    Sep 28   Oct     Oct
                          7-13   14-20   21-27   Oct 4    5-11   12-18

Adjusted world price 1/  73.77   73.79   71.59   69.94   67.87   67.73
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  0.66    0.68    0.80    1.00    0.98    0.80
Fine count adjustment 20  0.71    0.73    0.85    1.05    1.03    0.85
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-18 Dec-18  Mar-19  May-19  Jul-19  Oct-19  Average Current        0

Oct 05   76.49   76.10   77.14   77.95   78.71   76.14   72.49   85.35    0.00
Oct 08   77.94   77.55   78.49   79.21   79.84   77.27   73.94   85.40    0.00
Oct 09   77.40   77.01   78.07   78.89   79.54   77.05   73.40   86.85    0.00
Oct 10     -     76.80   78.04   78.86   79.52   76.93   73.19   86.35    0.00
Oct 11     -     76.81   78.17   79.03   79.66   77.40   73.20   86.15    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

Oct 05   75.85   74.85   74.85   70.60   70.10   70.35   70.85   72.49
Oct 08   77.30   76.30   76.30   72.05   71.55   71.80   72.30   73.94
Oct 09   76.76   75.76   75.76   71.51   71.01   71.26   71.76   73.40
Oct 10   76.55   75.55   75.55   71.30   70.80   71.05   71.55   73.19
Oct 11   76.56   75.56   75.56   71.31   70.81   71.06   71.56   73.20
Source:  USDA, AMS, Cotton and Tobacco Program, Cotton Market News.


                                        Marketing Years
                                        2017-2018       2018-2019
Description                             Through October Through October 4, 2018
                                          Week  Mkt. Yea  Week  Mkt. Year
Outstanding sales                          -    6,043,00   -    7,520,900
Exports                                 118,000 1,505,80208,400 1,602,400
   Total export commitments                -    7,548,80   -    9,123,300
New sales                               155,500    -    183,000    -
Buy-backs and cancellations              1,000     -    85,000     -
   Net sales                            154,400    -     98,000    -
Sales next marketing year                9,300  763,300 142,900 1,713,100

Net sales of 98,000 RB for 2018/2019 were up noticeably from the previous week and up 44 
percent from the prior 4-week average.   Increases were reported for Vietnam (70,000 RB, 
including 3,600 RB switched from South Korea and 1,300 RB switched from Bangladesh), Turkey 
(21,700 RB, including 21,300 RB late reporting), Japan (15,000 RB, including 12,200 RB late 
reporting and decreases of 600 RB), Pakistan (13,900 RB, including 13,500 RB late reporting 
and decreases of 900 RB), and South Korea (11,800 RB).   Reductions were reported for China 
(73,900 RB).  For 2019/2020, net sales of 142,900 RB were reported for China (136,400 RB), 
India (4,400 RB), and El Salvador (2,100 RB).  Exports of 208,400 RB were up 16 percent from 
the previous week and 38 percent from the prior 4-week average.  Exports were primarily to 
Vietnam (68,300 RB, including 8,100 late reporting), Turkey (38,000 RB, including 31,400 
late reporting), Mexico (18,200 RB), Pakistan (17,200 RB), and Indonesia (14,900 RB, including 
2,200 RB late reporting).  Net sales of Pima totaling 12,800 RB for 2018/2019 were up noticeably 
from the previous week and from the prior 4-week average.  Increases reported for China (6,600 RB), 
India (4,100 RB), Vietnam (400 RB), and Switzerland (400 RB).  For 2019/2020, net sales of 2,300 RB 
were reported for India.   Exports of 1,000 RB--a marketing-year low--were down 78 percent 
from the previous week and 80 percent from the prior 4-week average.  The primary destinations 
were India (600 RB) and Bangladesh (200 RB).  

Optional Origin Sales:  For 2018/2019, the current outstanding balance of 1,800 RB is for Vietnam.   

Exports for Own Account:  The current exports for own account outstanding balance is 7,400 RB, all China.



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