MP_CN208 5/22/2025 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, Friday 2024-2025 Apr Apr 25 May May May May 18-24 May 1 2-8 9-15 16-22 23-29 Adjusted world price 1/ 53.43 54.88 54.94 54.81 53.90 53.52 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 0.00 0.00 0.00 0.00 0.00 Fine count adjustment 20 0.00 0.00 0.00 0.00 0.00 0.00 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/ Jul-25 Oct-25 Dec-25 Mar-26 May-26 Jul-26 Average Current May 16 64.89 67.58 67.67 69.06 70.02 70.67 62.03 77.25 0.00 May 19 65.64 68.32 68.34 69.69 70.64 71.18 62.78 76.75 0.00 May 20 66.12 68.62 68.74 70.10 71.05 71.56 63.26 77.60 0.00 May 21 66.07 68.65 68.71 70.09 71.03 71.53 63.21 78.25 0.00 May 22 65.63 68.18 68.26 69.63 70.54 71.00 62.77 78.25 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 May 16 63.89 63.14 63.14 60.89 61.39 60.89 60.89 62.03 May 19 64.64 63.89 63.89 61.64 62.14 61.64 61.64 62.78 May 20 65.12 64.37 64.37 62.12 62.62 62.12 62.12 63.26 May 21 65.07 64.32 64.32 62.07 62.57 62.07 62.07 63.21 May 22 64.63 63.88 63.88 61.63 62.13 61.63 61.63 62.77 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2023-2024 2024-2025 Description Through May 16, Through May 15, 2025 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,238,00 - 2,573,900 Exports 204,100 8,766,70251,500 8,723,000 Total export commitments - 12,004,7 - 11,296,900 New sales 211,800 - 153,100 . Buy-backs and cancellations 8,800 - 11,700 - Net sales 202,900 - 141,400 - Sales next marketing year 47,900 1,648,90 7,400 1,283,900 Net sales of Upland totaling 141,400 RB for 2024/2025 were up 16 percent from the previous week and 41 percent from the prior 4-week average. Increases primarily for Vietnam (61,800 RB, including 4,000 RB switched from South Korea, 300 RB switched from Malaysia, and decreases of 2,200 RB), Turkey (19,400 RB, including decreases of 2,500 RB), Pakistan (18,700 RB, including decreases of 5,300 RB), China (13,300 RB, including decreases of 100 RB), and Indonesia (11,100 RB, including 1,000 RB switched from Malaysia), were offset by reductions for South Korea (4,000 RB), Malaysia (1,200 RB), and Thailand (400 RB). Net sales of 7,400 RB for 2025/2026 were reported for Honduras (5,500 RB) and Vietnam (1,900 RB). Exports of 251,500 RB were down 24 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to Vietnam (57,200 RB), Pakistan (56,600 RB), Turkey (41,900 RB), Mexico (13,600 RB), and Bangladesh (11,600 RB). Net sales of Pima totaling 9,700 RB for 2024/2025 were up 91 percent from the previous week, but down 25 percent from the prior 4-week average. Increases primarily for Peru (4,000 RB), Colombia (3,100 RB), Pakistan (1,700 RB), India (700 RB), and Vietnam (500 RB switched from Hong Kong), were offset by reductions for Hong Kong (500 RB). Exports of 7,600 RB were down 21 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to Vietnam (2,700 RB), India (2,600 RB), Ethiopia (1,300 RB), Pakistan (300 RB), and Thailand (300 RB). Optional Origin Sales: For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2024/2025, the current exports for own account outstanding balance of 13,300 RB were to China (11,100 RB) and Vietnam (2,200 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports