Week Ending: Dec. 6, 2018 Market Page 1. Thurs. Close Last Thurs. Close Weekly Change Week's High Week's Low Life of Contract High Life of Contract Low NEW YORK COTTON FUTURES (Cents/Lb.) March-19 79.08 78.68 0.40 81.85 78.45 94.50 62.00 May-19 80.26 79.75 0.51 82.79 79.58 94.25 64.53 July-19 81.12 80.80 0.32 83.62 80.69 94.00 65.82 October-19 78.28 77.94 0.34 79.63 78.02 88.16 66.52 December-19 77.48 76.81 0.67 78.49 77.00 84.50 65.57 March-20 78.17 77.56 0.61 79.15 77.81 84.04 65.77 May-20 78.71 78.11 0.60 79.52 78.38 83.51 65.77 July-20 78.95 78.48 0.47 79.76 78.72 83.26 65.77 October-20 75.72 75.21 0.51 76.42 75.38 81.18 67.81 CHICAGO CORN FUTURES (Cents/Bu.) March-19 382.75 373.25 9.50 386.75 372.75 437.00 354.75 May-19 390.00 380.50 9.50 393.50 380.00 441.25 363.25 July-19 396.25 387.00 9.25 400.00 386.75 445.00 370.00 September-19 396.75 390.00 6.75 399.50 389.50 426.75 375.75 December-19 401.25 396.00 5.25 405.00 395.00 424.00 383.25 CHICAGO SOYBEAN FUTURES (Cents/Bu.) January-19 909.50 887.25 22.25 923.75 886.00 1063.25 826.25 March-19 922.00 900.50 21.50 935.75 899.75 1054.50 839.75 May-19 934.50 913.75 20.75 948.00 913.00 1051.75 853.00 July-19 946.25 926.25 20.00 959.50 925.00 1051.75 863.25 August-19 950.25 930.75 19.50 961.25 930.25 1040.25 868.25 September-19 950.50 930.25 20.25 963.75 930.00 1025.25 864.75 November-19 954.50 933.25 21.25 960.25 931.75 1015.00 864.75 WORLD MARKET (Cents/Lb.) CHINA WEEKLY PRICES (Cents/Lb.) Effective Dec 7-13, '18 Week Ending December 6, 2018 This Week Year Ago % Change Current Forward A (Far East) 87.63 83.18 5% AWP 69.34 NA CnCotton A 105.47 111.08-5% 5 Lowest Far East Quotes 86.58 NA Polyester 57.37 61.56-7% USFE Low Quote 87.60 NA Source: A (FE) - Cotton Outlook; Other - China Cotton Website USFE-5 Lowest Far East Quotes 1.02 NA Fine Count CFR Far East 87.77 NA MY AVG. FARM PRICE U.S. WEEKLY SPOT PRICES (Cents/Lb.) Course Count CFR Far East 85.93 NA Upland Cotton (Cents/Lb.) Fine Count Adj ('17 Crop) 0.96 NA 18/19 YTD (Aug - Oct) 71.8 Week Ending December 6, 2018 Fine Count Adj ('18 Crop) 1.01 NA 17/18 ** 68.6 Coarse Count Adj 0.00 NA 18/19 Proj.** 71.0-77.0 This Week Year Ago Open Quotas 13 NA 3135 78.59 74.17 LDP 0.00 NA Cottonseed 4134 75.20 71.04 ELS Comp Pymnt 0.00 NA ($/Ton) (Cents/Lb.) 17/18 ** 142 7.1 18/19 Proj.** 115-155 5.8-7.8 **16/17 and 17/18 projections by USDA.
Week Ending: Dec. 6, 2018 Market Page 2. CCC LOAN STOCKS (Includes '17 & '18 Crop) U.S. COTTON EXPORTS (Thou. 480-lb. Bales) As of November 30, 2018 Week Ending November 29, 2018 Form A Form G Total Upland (Running Bales) Week Total Total Week Total Southeast 869 205,212 206,081 18/19 18/19 17/18 19/20 19/20 Mid-South 414,270 1,603,371 2,017,641 Sales 120.8 10,519.1 10,575.2 82.9 2,111.7 Southwest 0 406,211 406,211 Shipments 180.1 2,877.1 2,627.3 0.0 0.0 West 200 62,986 63,186 U.S. 415,339 2,277,780 2,693,119 TOP 10 CUSTOMERS OF U.S. RAW COTTON (Thou. 480-Lb. Bales) ELS U.S. 10,801 79,839 90,640 Country 18/19 18Share 19/20 19Share VIETNAM 2,362 22% 15 1% CCC LOAN INTEREST RATES CHINA 1,652 16% 1,009 48% Borrowing Rate Interest Rate* MEXICO 1,039 10% 338 16% November 2.625% 3.625% INDONESIA 1,011 10% 23 1% December 2.750% 3.750% PAKISTAN 821 8% 361 17% BANGLADESH 790 8% 18 1% THAILAND 436 4% 66 3% * Interest rate for crop year commodity loans less than one year. TURKEY 427 4% 5 0% KOREAN REPUBLIC 371 4% 32 1% CERTIFICATED STOCKS (Running Bales) INDIA 264 3% 39 2% TOTAL 10,519 0% 2,112 0% Stocks Review CFTC DISAGGREGATED COMMITMENTS OF TRADERS Dallas/Ft. W - - Options and Futures Combined Galveston - - As of November 27, 2018 Greenville - - Houston - - Total Open Commercial Swap Dealers Memphis - - Interest Net Position Net Position Total 267,331 (102,252) 57,037 TOTAL - - Weekly Change (3,773) 3,682 (21) Non Commercial Net Position 45,216 (3,662) ON-CALL COTTON (100 Bale Contracts) As of November 30, 2018 STATE OF THE ECONOMY Week Ending December 6, 2018 Thursday Last % Change Call Week's Call Week's Settlement Thurs. YTD Contract Sales Change Purch. Change Dow Jones Ind. Avg. 24,948 25,339 1% S&P 500 2,696 2,738 1% December '18 0-1,278 0-434 10-Yr Treas. Bond Rate 2.873% 3.034% 19% March '19 43,101-9 15,165 524 NASDAQ Composite 7,188 7,273 4% May '19 20,915 240 2,080 213 Russell 2000 1,477 1,525-4% July '19 30,889 225 2,259 19 October '19 0 0 0 0 Japanese Nikkei Stock Avg 21,502 22,263-6% December '19 16,518 175 17,904 90 Hong Kong Hang Seng 26,156 26,451-13% March '20 5,854 288 214 0 Singapore Straits Times 3,116 3,109-8% May '20 2,361 66 0 0 Shanghai Composite 2,605 2,567-21% July '20 2,426 0 0 0 December '20 1,254 88 2,511 0 Euro (in U.S.$) 1.14 1.14-5% Japanese Yen (per U.S.$) 112.67 113.48 0% WTx Int Crude Oil ($/barrel) 53.21 51.46-12% Diesel, Ultra-low ($/gal) 1.89 1.89-9% * Indicates changes from previous week based on revised data for last week. Natural Gas ($/million btu) 4.40 4.28 19%
Week Ending: COTTON SUPPLY AND DEMAND (Million 480-lb. Bales) Estimates for November 2018 US World Dec. 6, 2018 Market Page 3. U.S. COTTON TEXTILE TRADE YTD_Aug18 YTD_Aug17 (Million 480-lb. Bale Equiv.) 17/18 18/19p 16/17 17/18p Imports 12.29 11.91 Beginning Stocks 2.8 4.3 80.4 80.4 Exports 2.34 2.38 Production 20.9 18.4 123.7 119.4 Imports 0.0 0.0 41.0 41.1 US COTTONSEED SUPPLY AND DISAPPEARANCE Total Supply 23.7 22.7 245.1 240.9 (000 Short Tons) Mill Use 3.2 3.3 123.3 126.9 Marketing Year Exports 15.9 15.0 40.9 41.1 17/18 18/19 Total Use 19.1 18.3 164.2 168.0 Beg. Stocks 400 450 Ending Stocks 4.3 4.3 80.4 72.6 Production 6,422 5,799 Stocks/Use Ratio 22.5% 23.5% 65.2% 57.2% Imports 0 0 *17/18 estimates by USDA, 18/19 projections by USDA. Total Supply 6,822 6,249 Crush 1,854 1,800 U.S. COTTON PLANTINGS, PRODUCTION, AND YIELD Exports 478 425 2018 2018 Other 4,040 3,624 Production 480-2018 Yield 2017 Actual Estimated Total Demand 6,372 5,849 Lb. Bales per Harv. Acreage Plantings End. Stocks 450 400 (Thou.) 1/ Acre (Lb.) 1/ (Thou.) 1/ (Thou.) 2/ Change UPLAND USDA-ERS November Oil Crops Outlook. SOUTHEAST 4,310 773 2,523 2,886 14.4% Alabama 880 899 435 510 17.2% US COTTONSEED MEAL SUPPLY AND DISAPPEARANCE Florida 125 750 99 118 19.2% (000 Short Tons) Georgia 1,950 693 1,280 1,430 11.7% Marketing Year North Carolina 690 828 375 430 14.7% 17/18 18/19 South Carolina 470 806 250 300 20.0% Beg. Stocks 28 40 Virginia 195 965 84 98 16.7% Production 845 810 MID-SOUTH 4,635 1,135 1,945 1,985 2.1% Imports 0 0 Arkansas 1,150 1,150 445 485 9.0% Total Supply 873 850 Louisiana 420 1,061 220 195-11.4% Consumption 713 700 Mississippi 1,460 1,140 630 620-1.6% Exports 119 110 Missouri 830 1,245 305 325 6.6% Demand 833 810 Tennessee 775 1,048 345 360 4.3% End. Stocks 40 40 SOUTHWEST 7,892 724 7,578 8,645 14.1% Kansas 342 1,032 93 165 77.4% USDA-ERS November Oil Crops Outlook. Oklahoma 850 716 585 780 33.3% Texas 6,700 715 6,900 7,700 11.6% US COTTONSEED OIL SUPPLY AND DISAPPEARANCE WEST 800 1,460 314 278-11.5% (Million Pounds) Arizona 450 1,450 160 150-6.3% Marketing Year California 210 2,057 88 50-43.2% 17/18 18/19 New Mexico 140 1,034 66 78 18.2% Beg. Stocks 44 50 TOTAL UPLAND 17,637 836 12,360 13,794 11.6% Production 565 560 TOTAL ELS 771 1,508 253 248-1.8% Imports 1 1 Arizona 25 889 15 14-6.7% Total Supply 610 611 California 701 1,610 216 210-2.8% Domestic Consumption 450 461 New Mexico 13 904 8 7-6.7% Exports 110 100 Texas 32 960 14 17 21.4% Total Demand 560 561 ALL COTTON 18,408 852 12,613 14,042 11.3% End. Stocks 50 50 1/ USDA-NASS November Crop Production Report. 2/ Revised from USDA-NASS June Acreage Report. USDA-ERS November Oil Crops Outlook.
Week Ending: Dec. 6, 2018 GINNINGS REPORT Market Page 4. As of November 15, 2018 (Running Bales) 2017 2018 UPLAND SOUTHEAST 1,717,950 1,632,800 Alabama 274,850 347,650 Florida 1/ 1/ Georgia 870,500 700,250 North Carolina 341,300 360,300 South Carolina 161,750 138,600 Virginia 69,550 86,000 MID-SOUTH 2,479,000 2,851,050 Arkansas 641,500 780,750 Louisiana 315,200 291,450 Mississippi 724,800 796,200 Missouri 392,750 482,950 Tennessee 404,750 499,700 SOUTHWEST 108,900 2,255,550 Kansas 8,950 1/ Oklahoma 99,950 58,150 Texas 1/ 2,197,400 WEST 190,300 110,900 Arizona 103,250 53,000 California 87,050 57,900 New Mexico 1/ 1/ TOTAL UPLAND 7,674,750 6,884,650 TOTAL ELS 203,350 193,750 Arizona 6,200 7,050 California 191,500 182,900 New Mexico 1/ 1/ Texas 1/ 1/ ALL COTTON 7,878,100 7,078,400 Note: Regions may not add to total to avoid disclosure of individual gins. 1/ Not published to avoid disclosing individual gins, but included in U.S. totals.
For The Week Ending December 6, 2018 Quality Page 1. SAMPLES CLASSED COLOR GRADE % 31 or Better % 41 or Better Classing Office Week Tenderable Season Tenderable Week Season Week Season Abilene 86,446 78.2 310,733 77.0 45.3 42.1 89.8 84.4 Corpus Christi 41,937 33.5 1,645,578 56.7 3.8 51.6 14.0 62.2 Dumas 114,729 73.4 1,128,589 79.0 17.8 25.5 81.1 87.6 Florence 125,628 79.2 924,127 77.3 19.6 26.1 80.4 79.7 Lamesa 88,886 78.6 347,655 77.5 66.2 53.1 92.1 88.8 Lubbock 393,804 77.4 1,385,163 73.8 65.4 50.3 93.6 89.1 Macon 197,833 68.9 1,461,866 79.0 18.5 47.4 79.7 85.9 Memphis 234,186 69.2 2,470,551 60.8 5.7 11.6 67.1 64.5 Rayville 31,492 50.5 422,036 57.1 7.5 27.7 56.6 69.8 Visalia 43,443 81.3 208,696 82.3 59.3 66.7 92.2 87.9 Region Southeast 323,461 72.9 2,385,993 78.3 18.9 39.2 80.0 83.5 Mid-South 380,407 68.9 4,021,176 65.5 9.5 17.2 70.5 71.5 Southwest 611,073 74.7 3,689,129 66.8 58.4 50.5 87.4 76.7 West 43,443 81.3 208,696 82.3 59.3 66.7 92.2 87.9 United States 1,358,384 70.0 10,304,994 67.1 35.4 35.2 81.0 76.5 STAPLE AND STRENGTH MICRONAIRE AND HVI TRASH Average Staple Average Strength Average Mike Average HVI Trash Classing Office Week Season Week Season Week Season Week Season Abilene 36.4 36.4 30.4 30.3 43.0 43.0 0.4 0.4 Corpus Christi 35.4 35.9 27.4 29.6 46.0 47.0 0.5 0.4 Dumas 37.4 37.4 30.0 30.1 47.0 47.0 0.5 0.5 Florence 36.3 36.5 29.6 29.7 45.0 45.0 0.5 0.5 Lamesa 35.9 36.1 30.0 30.1 41.0 42.0 0.4 0.4 Lubbock 36.1 36.3 30.9 31.2 41.0 42.0 0.4 0.5 Macon 36.8 36.8 29.2 28.9 43.0 42.0 0.5 0.4 Memphis 37.0 37.2 29.5 29.7 46.0 47.0 0.5 0.5 Rayville 37.0 37.0 29.5 30.2 48.0 48.0 0.5 0.5 Visalia 37.5 37.6 32.0 32.5 45.0 45.0 0.3 0.3 Region Southeast 36.6 36.7 29.4 29.2 43.8 43.2 0.5 0.4 Mid-South 37.1 37.2 29.7 29.9 46.5 47.1 0.5 0.5 Southwest 36.1 36.1 30.5 30.3 41.6 44.3 0.4 0.4 West 37.5 37.6 32.0 32.5 45.0 45.0 0.3 0.3 United States 36.5 36.7 30.0 29.9 43.6 45.2 0.4 0.4 UNIFORMITY Average Uniformity Classing Average Uniformity Prepared by Economic Services Classing Office Week Season Office Week Season of the National Cotton Council. Abilene 80.5 80.7 Rayville 80.5 80.9 You may contact us by mail at Corpus Christi 79.2 81.0 Visalia 81.9 82.0 7193 Goodlett Farms Parkway Dumas 81.1 81.2 Region Cordova, TN 38016 ; Florence 80.7 80.8 Southeast 81.0 80.9 by phone (901)274-9030. Lamesa 80.5 80.7 Mid-South 81.3 81.6 Lubbock 80.9 81.2 Southwest 80.7 81.0 Macon 81.2 81.0 West 81.9 82.0 Memphis 81.5 81.9 United States 81.0 81.2
For The Week Ending December 6, 2018 Quality Page 2. SAMPLES CLASSED COLOR GRADE % 31 or Better % 41 or Better State Week Tenderable Season Tenderable Week Season Week Season Alabama 61,899 63.2 511,273 63.8 13.3 25.7 74.0 71.2 Arizona 25,259 72.9 102,364 74.8 39.9 41.1 89.1 79.9 Arkansas 86,273 72.5 1,023,794 70.8 4.8 9.2 63.9 67.7 California 12,730 97.1 91,311 90.1 94.2 94.8 96.1 95.2 Florida 7,996 55.9 45,269 64.1 10.4 9.3 61.8 69.7 Georgia 148,342 72.1 1,113,500 82.3 19.8 53.3 82.4 88.3 Kansas 4,960 49.2 23,724 54.5 49.7 45.4 81.5 70.7 Louisiana 24,015 50.1 362,722 57.8 8.9 29.9 62.1 73.8 Mississippi 120,389 71.5 1,077,235 77.1 17.1 26.8 79.8 86.0 Missouri 60,157 76.7 633,567 68.0 7.0 13.3 79.1 77.8 New Mexico 4,441 88.5 11,977 93.0 69.9 68.6 98.2 98.6 North Carolina 74,539 77.8 562,849 75.4 19.6 24.8 81.4 79.0 Oklahoma 38,053 81.9 150,969 82.0 42.5 41.4 93.9 87.7 South Carolina 31,169 81.0 226,595 80.6 12.4 24.3 74.0 79.4 Tennessee 63,696 60.6 678,986 44.9 5.5 11.0 59.1 53.3 Texas 574,546 74.2 3,554,176 65.9 59.1 50.5 86.5 75.9 Virginia 19,920 82.0 134,683 79.8 30.6 34.6 86.5 83.3 United States 1,358,384 70.0 10,304,994 67.1 35.4 37.6 78.9 80.4 STAPLE AND STRENGTH MICRONAIRE AND HVI TRASH Average Staple Average Strength Average Mike Average HVI Trash State Week Season Week Season Week Season Week Season Alabama 36.8 36.8 29.1 29.0 44.0 44.0 0.5 0.5 Arizona 37.3 37.1 31.1 30.9 46.0 46.0 0.3 0.3 Arkansas 37.4 37.6 29.7 29.9 46.0 46.0 0.5 0.6 California 37.9 38.1 34.4 34.6 44.0 44.0 0.2 0.2 Florida 37.5 37.5 28.7 28.5 44.0 45.0 0.5 0.5 Georgia 36.8 36.8 29.2 28.9 42.0 42.0 0.5 0.4 Kansas 36.1 36.4 29.8 29.4 37.0 37.0 0.5 0.5 Louisiana 37.3 37.2 29.9 30.4 48.0 48.0 0.5 0.5 Mississippi 37.2 37.3 29.8 30.0 47.0 47.0 0.5 0.5 Missouri 37.5 37.5 29.9 30.0 46.0 47.0 0.5 0.5 New Mexico 37.7 37.9 29.9 30.3 41.0 42.0 0.3 0.3 North Carolina 36.3 36.5 30.0 30.1 46.0 46.0 0.5 0.5 Oklahoma 36.7 36.7 30.8 30.7 44.0 44.0 0.4 0.4 South Carolina 36.4 36.9 28.9 29.2 44.0 44.0 0.5 0.5 Tennessee 36.4 36.5 29.2 29.5 47.0 48.0 0.5 0.4 Texas 36.0 36.1 30.4 30.3 42.0 44.0 0.4 0.4 Virginia 35.8 36.1 28.9 29.2 47.0 47.0 0.4 0.4 United States 36.5 37.0 29.9 30.1 43.8 44.8 0.5 0.4 UNIFORMITY Average Uniformity Average Uniformity Prepared by Economic Services State Week Season State Week Season of the National Cotton Council. Alabama 81.0 81.1 Missouri 82.1 82.4 You may contact us by mail at Arizona 81.5 81.4 New Mexico 82.0 82.2 7193 Goodlett Farms Parkway Arkansas 81.5 81.8 North Carolina 80.9 80.9 Cordova, TN 38016 ; California 82.8 82.7 Oklahoma 80.9 81.1 by phone (901)274-9030. Florida 80.7 80.6 South Carolina 80.4 80.5 Georgia 81.3 81.1 Tennessee 81.3 81.6 Kansas 80.6 80.5 Texas 80.7 81.0 Louisiana 80.8 81.0 Virginia 80.5 80.7 Mississippi 81.0 81.2 United States 81.0 81.3