Weekly Cotton Market Review, selected tables
MP_CN208
2/8/2018        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
                          Jan     Jan     Jan    Jan 26   Feb     Feb
                         05-11   12-18   19-25   Feb 01  02-08   09-15

Adjusted world price 1/  70.86   71.21   74.45   75.30   71.35   69.45
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  0.35    0.36    0.42    0.45    0.58    0.55
Fine count adjustment 20  0.50    0.51    0.57    0.60    0.73    0.70
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
Feb 02   77.30   78.61   79.46   75.89   75.08   75.44   74.64   89.05    0.00
Feb 05   76.57   77.90   78.84   75.67   74.75   75.17   73.98   88.10    0.00
Feb 06   76.19   77.38   78.37   75.78   74.87   75.34   73.71   87.20    0.00
Feb 07   75.96   77.29   78.31   75.78   75.03   75.54   73.58   86.95    0.00
Feb 08   76.62   77.56   78.50   75.98   75.17   75.59   74.19   86.70    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

Feb 02   77.80   76.30   76.30   73.75   72.50   72.55   73.30   74.64
Feb 05   77.07   75.57   75.57   73.25   72.00   71.82   72.57   73.98
Feb 06   76.69   75.19   75.19   73.25   72.00   71.44   72.19   73.71
Feb 07   76.46   74.96   74.96   73.25   72.25   71.21   71.96   73.58
Feb 08   77.12   75.62   75.62   73.75   72.75   71.87   72.62   74.19
Source:  USDA, AMS, Cotton and Tobacco Program, Cotton Market News.


                                        Marketing Years
                                        2016-2017       2017-2018
Description                             Through FebruaryThrough February 1, 2018
                                          Week  Mkt. Yea  Week  Mkt. Year
Outstanding sales                          -    4,719,50   -    7,321,400
Exports                                 452,100 5,228,80432,500 4,778,100
   Total export commitments                -    9,948,30   -    12,099,500
New sales                               209,300    -    429,800    -
Buy-backs and cancellations              1,200     -    27,400     -
   Net sales                            208,100    -    402,400    -
Sales next marketing year                46,000 747,700 118,500 1,691,700

Net sales of 402,400 running bales for 2017/2018 were up 33
 percent from the previous week and 75 percent from the prior 4-
week average.   Increases were reported for China (98,500 RB,
 including decreases of 1,700 RB), Pakistan (70,600 RB), Turkey
 (61,400 RB, including decreases of 15,600 RB), Indonesia (38,800
 RB, including 1,400 RB switched from China, 900 RB switched from
 Japan, and decreases of 3,000 RB), and Vietnam (26,400 RB,
 including 5,000 RB switched from China, 900 RB switched from
 Taiwan, and decreases of 300 RB).  Reductions of 200 RB were
 reported for El Salvador.  For 2018/2019, net sales of 118,500
 RB were primarily for China (72,500 RB).  Exports of 432,500
 RB--a marketing-year high--were up 42 percent from the previous
 week and 56 percent from the prior 4-week average.  The primary
 destinations were China (85,900 RB), Vietnam (73,000 RB),
 Pakistan (68,600 RB), Indonesia (47,100 RB), and Turkey (46,400
 RB).  Net sales of Pima totaling 7,700 RB for 2017/2018 were
 down 19 percent from the previous week and 5 percent from the
 prior 4-week average.   Increases were reported for India (5,000
 RB), China (2,100 RB), Austria (300 RB, switched from
 Switzerland), Bangladesh (200 RB), and Indonesia (200 RB,
 switched from Japan).  Exports of 20,800 RB were up 63 percent
 from the previous week and from the prior 4-week average.  The
 primary destinations were China (9,100 RB), India (6,200 RB),
 Vietnam (2,200 RB), Japan (700 RB), and Peru (600 RB). 

Optional Origin Sales:  For 2017/2018, the current optional 
origin outstanding balance is 16,500 RB, all Indonesia.  

Exports for Own Account:  New exports for own account totaling
 10,200 RB were reported to South Korea (4,300 RB), Pakistan
 (2,500 RB), Vietnam (2,400 RB), and China (1,000 RB).  Exports
 to Indonesia (31,900RB), Taiwan (11,00 RB), India (1,200 RB),
 China (900 RB), Vietnam (900 RB), and Pakistan (100 RB) were
 applied to new or outstanding sales.  The current outstanding
 balance of 30,100 RB is for Indonesia (12,500 RB), China (6,700
 RB), Vietnam (6,100 RB), South Korea (4,300 RB), and Bangladesh
 (500 RB). 

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