MP_CN208 18-Sep-08 Memphis, TN USDA Cotton Program, MNB World market price for Upland cotton, in cents per pound, in effect from 12:01a.m., EST, Friday through midnight, EST, Thursday. 2008 Description Aug Aug 29-Aug Sep Sep Sep 15-21 22-28 4-Sep 5-11 12-18 19-25 Adj. World price 1/ 63.43 61.99 63.06 62.85 58.27 55.79 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. ICE futures contract settlement, designated spot market average for color 41, leaf 4, staple 34, and Far Easter a" Index Color 41, Leaf 4, Staple 34 Far Date Futures Settlement 7-MarketEastern Oct-08 Dec-08 Mar-09 May-09 Jul-09 Oct-09 Average 'A' Index 1/ Current September 12 62.17 64.52 69.34 71.28 73.48 76.42 57.41 73.70 September 15 59.97 62.13 66.65 68.75 70.96 73.90 55.19 74.25 September 16 58.32 60.61 65.26 67.32 69.40 72.34 53.66 72.45 September 17 59.36 61.42 65.98 68.10 70.26 73.20 55.55 71.05 September 18 58.76 60.76 65.34 67.52 69.58 72.52 54.97 71.80 1/ C.F. Far Eastern price furnished by Cotton Outlook of Liverpool. Upland Spot Price Quotations Color 41, Leaf 4, Staple 34 Cents per Pound 7-Market Date SE ND SD ETX/OK WTX DSW SJV Average September 12 59.42 57.67 57.67 60.25 59.00 53.17 54.67 57.41 September 15 57.22 55.47 55.47 58.00 56.75 50.97 52.47 55.19 September 16 56.07 54.07 54.07 56.25 55.00 49.32 50.82 53.66 September 17 57.42 56.17 56.17 57.00 55.75 52.42 53.92 55.55 September 18 56.76 55.51 55.51 56.50 55.50 51.76 53.26 54.97 Source: USDA, AMS, Cotton and Tobacco Programs, Cotton Market News U.S. upland cotton export sales and exports, in running bales, for week and year, marketing years 2007-2008 and 2008-2009 Marketing Years Description 2007-2008 2008-2009 Through September 13, 20Through September 11, 2008 Week Mkt. Year Week Mkt. Year Outstanding sales - 2882200 - 3571400 Exports 247900 1858800 288600 1509200 Total export commitments - 4741000 - 5080600 New sales 183400 - 468200 - Buy-backs and cancellations 5500 - 6600 - Net sales 177900 - 461600 - Sales next marketing year 5000 142000 12700 62400 Net Upland sales of 461,600 running bales were up three and three-tenths times from the previous week, and three times fr Source: Export Sales Reporting Division, Foreign Agricultural Service, USDA. NOTE: Data may not add due to rounding. USDA, AMS Cotton and Tobacco Programs, Cotton Market News Branch 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports