Weekly Cotton Market Review, selected tables
MP_CN208
1/11/2018       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

                          2017-2018
                          Dec     Dec     Dec    Dec 29   Jan     Jan
                          8-14   15-21   22-28   Jan 04  05-11   12-18

Adjusted world price 1/  65.03   65.95   68.00   70.62   70.86   71.21
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  0.48    0.45    0.42    0.33    0.35    0.36
Fine count adjustment 20  0.63    0.60    0.57    0.48    0.50    0.51
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/
         Mar-18 May-18  Jul-18  Oct-18  Dec-18  Mar-19  Average Current        0
                                                                  0.00    0.00
Jan 05   78.01   78.25   78.68   75.14   74.36   74.52   75.61   89.90    0.00
Jan 08   78.14   78.47   78.85   75.34   74.64   74.84   75.71   88.70    0.00
Jan 09   78.35   78.69   79.03   75.52   74.72   74.96   75.79   88.80    0.00
Jan 10   79.65   79.96   80.15   76.06   74.92   75.19   77.11   89.05    0.00
Jan 11   82.65   82.96   83.00   77.38   75.42   75.27   79.96   90.35    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

Jan 05   78.76   77.26   77.26   75.25   73.75   73.01   74.01   75.61
Jan 08   78.89   77.39   77.39   75.25   73.75   73.14   74.14   75.71
Jan 09   78.85   77.35   77.35   75.50   73.75   73.35   74.35   75.79
Jan 10   80.15   78.65   78.65   76.75   75.25   74.65   75.65   77.11
Jan 11   83.15   81.65   81.65   79.25   77.75   77.65   78.65   79.96
Source:  USDA, AMS, Cotton and Tobacco Program, Cotton Market News.


                                        Marketing Years
                                        2016-2017       2017-2018
Description                             Through January Through January 4, 2018
                                          Week  Mkt. Yea  Week  Mkt. Year
Outstanding sales                          -    4,635,90   -    7,532,900
Exports                                 210,500 3,975,10281,600 3,518,100
   Total export commitments                -    8,611,00   -    11,051,000
New sales                               239,900    -    281,100    -
Buy-backs and cancellations              3,900     -     6,600     -
   Net sales                            236,000    -    274,500    -
Sales next marketing year                5,700  570,600  92,900 1,330,100

Net sales of 274,500 running bales for 2017/2018 were up 42 
percent from the previous week and 16 percent from the prior 4-
week average.   Increases were reported for India (51,200 RB),
 Turkey (43,200 RB), Mexico (42,500 RB), Vietnam (26,800 RB,
 including 2,600 RB switched from China), and China (24,100 RB,
 including decreases of 200 RB).  Reductions were reported for
 South Korea (5,400 RB) and Japan (800 RB).   For 2018/2019, net
 sales of 92,900 RB were reported for Mexico (72,900 RB), China
 (10,600 RB), and Japan (9,500 RB).  Exports of 281,600 RB--a 
marketing-year high--were up 35 percent from the previous week
 and 41 percent from the prior 4-week average.   The primary
 destinations were Vietnam (68,600 RB), China (67,200 RB), Turkey
 (33,100 RB), Indonesia (24,500 RB), and Pakistan (19,800 RB).
   Net sales of Pima totaling 6,700 RB for 2017/2018 were up 20
 percent from the previous week, but down 33 percent from the
 prior 4-week average.    Increases were reported for China
 (4,300 RB), Turkey (1,100 RB), India (600 RB), and Pakistan (400
 RB).  Exports of 8,500 RB were down 18 percent from the previous
 week and 43 percent from the prior 4-week average.  The primary
 destinations were China (3,100 RB), India (1,400 RB), Indonesia
 (1,000 RB), and Thailand (900 RB).

Optional Origin Sales:  The current optional origin outstanding
 balance of 16,500 RB is for Indonesia.  

Exports for Own Account:  New exports for own account totaling
 6,000 RB were reported to China (3,400 RB), Vietnam (2,300 RB),
 and Thailand (300 RB).  Exports to Indonesia (7,300 RB), China
 (6,000 RB), India (2,600 RB), Vietnam (2,400 RB), South Korea 
(1,100 RB), Turkey (300 RB), and Thailand (300 RB) were applied
 to new or outstanding sales.  Decreases totaling 300 RB were
 reported for Vietnam.  The current outstanding balance of 62,700
 RB is for Indonesia (35,400 RB), Taiwan (11,600 RB), China 
(7,000 RB), Vietnam (7,000 RB), India (1,100 RB), Bangladesh (500
 RB), and Pakistan (100 RB). 
                                   
USDA, AMS Cotton and Tobacco Program, Cotton Market News Division
3275 Appling Rd
Memphis, TN  38133
www.ams.usda.gov/cnmnreports