World market price for Upland cotton, in cents per pound, in effect from
12:01a.m., EST, Friday through midnight, EST, Thursday.
2008
Description Apr Apr Apr Apr 25 May May
4-10 11-17 18-24 May 1 2-8 9-15
Adj. World price 1/ 59.38 60.46 62.15 59.96 58.47 57.77
CC adjustment 0.00 0.00 0.00 0.00 0.00 0.00
Loan Defic.Payment (LDP) 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 24-25 grams per tex.
Source: Farm Service Agency, USDA.
USNE and NE price for Upland cotton, in cents per pound, in effect from
12:01 a.m. Friday through midnight Thursday.
2008
Description Apr Apr Apr Apr 25 May May
4-10 11-17 18-24 May 1 2-8 9-15
U.S. N. Europe price 77.45 78.45 81.00 77.60 75.45 74.50
N. Europe price 76.65 77.76 79.47 77.29 75.83 75.13
1/ Grade 31, staple 35, mike 35-49.
Source: Farm Service Agency, USDA.
New York futures contract settlement, designated spot market average
for color 41, leaf 4, staple 34, and 'A' and ' B' Index cotton prices,
in cents per pound.
Color 41, Leaf 4, Staple 34
Futures Settlement
Date Color 41, Leaf 4, Staple 34 7 Mkt. Avg.
May-08 Jul-08 Oct-08 Dec-08 Mar-09 Average
May 2 67.05 69.56 74.52 77.84 82.14 60.26
May 5 66.79 69.29 74.40 77.51 81.74 59.99
May 6 68.11 70.36 75.78 78.89 83.15 60.76
May 7 67.88 70.37 75.67 78.87 83.07 60.76
May 8 0.00 70.85 76.38 79.35 83.67 61.18
Grade 31 Coarse Far
Staple 35 Count Eastern
'A (NE)' Index 1/ 'B (NE)' Index 1/ 'A' Index 1/
Current Current Current
May 2 72.90 NQ 74.80
May 5 HOLIDAY
May 6 72.90 NQ 74.80
May 7 73.75 NQ 75.45
May 8 73.75 NQ 75.45
1/ C.I.F. Northern Europe and C.F. Far Eastern price furnished by Cotton Outlook of Liverpool.
U.S. Upland cotton export sales and exports, in running bales, for week and year, marketing years
2006-2007 and 2007-2008
Marketing Years
Week Mkt.Yr. Week Mkt.Yr.
Description Through May 3, 2007 Through May 1, 2008
Outstanding sales Week Week
Exports - 4,607,600 - 3,865,000
Export commitments 296,200 6,861,800 269,700 8,666,400
New sales - 11,469,400 - 12,531,400
Buy-backs & cancel. 523,700 - 564,500 -
Net sales 14,800 - 600 -
Sales next mkt.yr. 509,000 - 563,900 -
Net Upland sales of 563,900 running bales were 12 percent below the previous week, but 58 percent above the prior 4-
NOTE: Data may not add due to rounding.
Source: Export Sales Reporting Division, Foreign Agricultural Service, USDA.
May 8, 2008
Cotton Program, Market News Branch
3275 Appling Rd
Memphis, TN 38133
www.ams.usda.gov/cotton/mncs/index.htm
