Week Ending: Oct. 4, 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.) December-18 76.00 77.72-1.72 77.89 75.37 94.82 61.09 March-19 76.82 78.29-1.47 78.48 76.50 94.50 62.00 May-19 77.69 79.06-1.37 79.18 77.44 94.25 64.53 July-19 78.46 79.72-1.26 79.90 78.28 94.00 65.82 October-19 75.89 76.21-0.32 76.07 75.61 88.16 66.52 December-19 75.48 76.05-0.57 76.20 75.38 84.50 65.57 March-20 76.35 76.84-0.49 76.69 76.35 84.04 65.77 May-20 76.86 77.29-0.43 77.15 76.86 83.51 65.77 July-20 77.10 77.63-0.53 77.49 77.10 83.26 65.77 CHICAGO CORN FUTURES (Cents/Bu.) December-18 367.50 364.75 2.75 369.00 354.50 429.50 342.50 March-19 379.25 376.50 2.75 381.00 366.75 437.00 354.75 May-19 386.50 384.00 2.50 388.50 374.50 441.25 363.25 July-19 391.75 389.25 2.50 393.50 380.25 445.00 370.00 September-19 395.00 392.75 2.25 396.25 384.25 426.75 375.75 CHICAGO SOYBEAN FUTURES (Cents/Bu.) November-18 859.25 855.00 4.25 870.25 842.00 1060.50 812.25 January-19 873.00 869.00 4.00 884.00 856.00 1063.25 826.25 March-19 886.00 882.00 4.00 896.75 869.25 1054.50 839.75 May-19 899.50 895.25 4.25 909.75 882.50 1051.75 853.00 July-19 911.00 905.25 5.75 920.50 892.50 1051.75 863.25 August-19 915.75 910.00 5.75 924.50 897.50 1040.25 868.25 September-19 919.00 913.25 5.75 927.50 901.25 1025.25 864.75 WORLD MARKET (Cents/Lb.) CHINA WEEKLY PRICES (Cents/Lb.) Effective Oct 5 - Oct 11, '18 Week Ending October 4, 2018 This Week Year Ago % Change Current Forward A (Far East) 86.16 78.31 10% AWP 67.87 NA CnCotton A 110.49 111.28-1% 5 Lowest Far East Quotes 85.11 NA Polyester 70.13 61.12 15% USFE Low Quote 86.30 NA Source: A (FE) - Cotton Outlook; Other - China Cotton Website USFE-5 Lowest Far East Quotes 1.19 NA Fine Count CFR Far East 86.28 NA MY AVG. FARM PRICE U.S. WEEKLY SPOT PRICES (Cents/Lb.) Course Count CFR Far East NA NA Upland Cotton (Cents/Lb.) Fine Count Adj ('17 Crop) 0.98 NA 18/19 YTD (Aug) 69.7 Week Ending October 4, 2018 Fine Count Adj ('18 Crop) 1.03 NA 17/18 Proj.** 68.0 Coarse Count Adj 0.00 NA 18/19 Proj.** 70.0-80.0 This Week Year Ago Open Quotas 13 NA 3135 76.04 69.50 LDP 0.00 NA Cottonseed 4134 72.66 66.69 ELS Comp Pymnt 0.00 NA ($/Ton) (Cents/Lb.) 17/18 Proj.** 139 7.0 18/19 Proj.** 115-155 5.8-7.8 **16/17 and 17/18 projections by USDA.
Week Ending: Oct. 4, 2018 Market Page 2. CCC LOAN STOCKS (Includes '17 & '18 Crop) U.S. COTTON EXPORTS (Thou. 480-lb. Bales) As of September 30, 2018 Week Ending September 27, 2018 Form A Form G Total Upland (Running Bales) Week Total Total Week Total Southeast 0 12,624 12,624 18/19 18/19 17/18 19/20 19/20 Mid-South 3,808 17,438 21,246 Sales 25.8 9,582.2 7,940.7 93.8 1,643.4 Southwest 0 188,755 188,755 Shipments 189.9 1,489.1 1,466.3 0.0 0.0 West 0 20,856 20,856 U.S. 3,808 239,673 243,481 TOP 10 CUSTOMERS OF U.S. RAW COTTON (Thou. 480-Lb. Bales) ELS U.S. 2,349 9,433 11,782 Country 18/19 18Share 19/20 19Share VIETNAM 1,979 21% 3 0% CCC LOAN INTEREST RATES CHINA 1,905 20% 684 42% Borrowing Rate Interest Rate* MEXICO 999 10% 331 20% September 2.375% 3.375% INDONESIA 975 10% 23 1% October 2.500% 3.500% BANGLADESH 737 8% 18 1% PAKISTAN 624 7% 356 22% THAILAND 413 4% 49 3% * Interest rate for crop year commodity loans less than one year. KOREAN REPUBLIC 360 4% 25 1% TURKEY 320 3% 0 0% CERTIFICATED STOCKS (Running Bales) MALAYSIA 199 2% 23 1% TOTAL 9,582 0% 1,643 0% Stocks Review CFTC DISAGGREGATED COMMITMENTS OF TRADERS Dallas/Ft. W - - Options and Futures Combined Galveston - - As of October 2, 2018 Greenville - - Houston - - Total Open Commercial Swap Dealers Memphis - - Interest Net Position Net Position Total 348,151 (115,765) 56,782 TOTAL - - Weekly Change 4,431 11,184 2,634 Non Commercial Net Position 58,984 (13,818) ON-CALL COTTON (100 Bale Contracts) As of September 28, 2018 STATE OF THE ECONOMY Week Ending October 4, 2018 Thursday Last % Change Call Week's Call Week's Settlement Thurs. YTD Contract Sales Change Purch. Change Dow Jones Ind. Avg. 26,627 26,440 8% S&P 500 2,902 2,914 9% October '18 0 0 0 0 10-Yr Treas. Bond Rate 3.194% 3.053% 32% December '18 27,983-2,716 19,604-66 NASDAQ Composite 7,880 8,042 14% March '19 38,216-879 3,106 504 Russell 2000 1,647 1,691 7% May '19 20,034 74 627 274 July '19 27,883-11 1,864 0 Japanese Nikkei Stock Avg 23,976 23,797 5% October '19 0 0 0 0 Hong Kong Hang Seng 26,624 27,716-11% December '19 15,290-233 17,101 294 Singapore Straits Times 3,232 3,236-5% March '20 6,401-22 209 0 Shanghai Composite 2,821 2,792-15% May '20 1,725 0 0 0 July '20 1,167 0 0 0 Euro (in U.S.$) 1.15 1.16-4% December '20 1,158 0 1,876 44 Japanese Yen (per U.S.$) 113.90 113.38 1% WTx Int Crude Oil ($/barrel) 75.37 73.23 25% Diesel, Ultra-low ($/gal) 2.41 2.29 17% * Indicates changes from previous week based on revised data for last week. Natural Gas ($/million btu) 3.13 3.04-15%
Week Ending: Oct. 4, 2018 Market Page 3. COTTON SUPPLY AND DEMAND (Million 480-lb. Bales) U.S. COTTON TEXTILE TRADE Estimates for September 2018 YTD_Jul18 YTD_Jul17 US World (Million 480-lb. Bale Equiv.) 17/18 18/19p 16/17 17/18p Imports 10.50 10.22 Beginning Stocks 2.8 4.3 83.8 83.8 Exports 2.04 2.07 Production 20.9 19.7 123.5 122.0 Imports 0.0 0.0 40.9 41.8 US COTTONSEED SUPPLY AND DISAPPEARANCE Total Supply 23.7 24.0 248.2 247.6 (000 Short Tons) Mill Use 3.2 3.4 123.2 127.9 Marketing Year Exports 15.9 15.7 40.7 41.8 17/18 18/19 Total Use 19.1 19.1 163.9 169.7 Beg. Stocks 400 450 Ending Stocks 4.3 4.7 83.8 77.5 Production 6,422 6,156 Stocks/Use Ratio 22.5% 24.6% 68.0% 60.5% Imports 0 0 *17/18 estimates by USDA, 18/19 projections by USDA. Total Supply 6,822 6,606 Crush 1,854 1,900 U.S. COTTON PLANTINGS, PRODUCTION, AND YIELD Exports 478 425 2018 2018 Other 4,040 3,871 Production 480-2018 Yield 2017 Actual Estimated Total Demand 6,372 6,196 Lb. Bales per Harv. Acreage Plantings End. Stocks 450 410 (Thou.) 1/ Acre (Lb.) 1/ (Thou.) 1/ (Thou.) 2/ Change UPLAND USDA-ERS September Oil Crops Outlook. SOUTHEAST 5,691 956 2,523 2,886 14.4% Alabama 1,095 1,041 435 510 17.2% US COTTONSEED MEAL SUPPLY AND DISAPPEARANCE Florida 220 910 99 118 19.2% (000 Short Tons) Georgia 2,800 946 1,280 1,430 11.7% Marketing Year North Carolina 806 921 375 430 14.7% 17/18 18/19 South Carolina 550 886 250 300 20.0% Beg. Stocks 28 40 Virginia 220 1,089 84 98 16.7% Production 835 855 MID-SOUTH 4,640 1,136 1,945 1,985 2.1% Imports 0 0 Arkansas 1,150 1,150 445 485 9.0% Total Supply 863 895 Louisiana 420 1,061 220 195-11.4% Consumption 698 735 Mississippi 1,450 1,132 630 620-1.6% Exports 125 120 Missouri 820 1,230 305 325 6.6% Demand 823 855 Tennessee 800 1,082 345 360 4.3% End. Stocks 40 40 SOUTHWEST 7,785 714 7,578 8,645 14.1% Kansas 335 1,005 93 165 77.4% USDA-ERS September Oil Crops Outlook. Oklahoma 950 800 585 780 33.3% Texas 6,500 693 6,900 7,700 11.6% US COTTONSEED OIL SUPPLY AND DISAPPEARANCE WEST 795 1,451 314 278-11.5% (Million Pounds) Arizona 465 1,498 160 150-6.3% Marketing Year California 180 1,763 88 50-43.2% 17/18 18/19 New Mexico 150 1,108 66 78 18.2% Beg. Stocks 44 50 TOTAL UPLAND 18,911 881 12,360 13,794 11.6% Production 555 590 TOTAL ELS 771 1,508 253 248-1.8% Imports 5 5 Arizona 25 889 15 14-6.7% Total Supply 604 645 California 701 1,610 216 210-2.8% Domestic Consumption 444 495 New Mexico 13 904 8 7-6.7% Exports 110 100 Texas 32 960 14 17 21.4% Total Demand 554 595 ALL COTTON 19,682 895 12,613 14,042 11.3% End. Stocks 50 50 1/ USDA-NASS. 2/ Revised from USDA-NASS June Acreage Report. USDA-ERS September Oil Crops Outlook.
Week Ending: Oct. 4, 2018 US CROP PROGRESS Market Page 4. PERCENT BOLLS OPENING PERCENT HARVESTED 9/30/18 9/23/18 9/30/17 5-Yr Avg 9/30/18 9/23/18 9/30/17 5-Yr Avg Alabama 83 77 69 75 5 2 6 8 Arizona 98 96 95 91 22 19 18 15 Arkansas 99 96 95 91 23 18 7 11 California 25 12 68 78 0 0 3 2 Georgia 82 69 83 83 6 2 10 8 Kansas 64 52 48 46 0 0 4 2 Louisiana 99 98 99 97 38 36 41 38 Mississippi 92 89 83 86 24 19 16 16 Missouri 95 90 82 68 28 9 5 4 North Carolina 86 71 75 79 3 2 4 4 Oklahoma 59 56 55 66 3 1 2 0 South Carolina 56 50 87 77 6 5 13 8 Tennessee 95 93 75 70 14 10 4 5 Texas 56 45 54 56 25 23 22 17 Virginia 72 58 68 75 0 0 0 0 US 67 58 66 67 19 16 17 13 Southeast 80 68 79 80 5 2 8 7 Mid-South 95 92 86 82 24 18 13 14 Southwest 56 46 54 57 23 21 20 16 West 80 75 88 88 14 12 13 10 1/ These 15 states planted 99% of last year's cotton acreage. * Revised. US CROP CONDITION Week Ending 9/30/18 VP P F G E Alabama 0 2 21 58 19 Arizona 1 5 41 40 13 Arkansas 1 4 17 40 38 California 0 0 0 30 70 Georgia 0 9 29 50 12 Kansas 0 1 25 60 14 Louisiana 0 3 26 64 7 Mississippi 0 4 26 49 21 Missouri 0 10 27 46 17 North Carolina 5 20 43 29 3 Oklahoma 0 3 83 13 1 South Carolina 1 2 42 41 14 Tennessee 4 4 19 52 21 Texas 10 28 34 22 6 Virginia 5 5 20 65 5 US 6 19 33 32 10 Previous Week 7 22 32 29 10 Previous Year 7 9 27 42 15
For The Week Ending October 4, 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 - - 7,418 12.4-15.1-15.1 Corpus Christi 112,058 64.4 1,042,394 61.5 48.6 66.0 60.3 76.0 Dumas 52,211 84.9 65,740 85.3 58.1 56.8 95.3 95.6 Florence 1,804 32.8 1,841 32.8 21.0 20.9 24.5 24.8 Lamesa 1,770 74.5 2,443 74.9 54.0 61.6 65.1 69.6 Lubbock 1,254 59.6 1,254 59.6 60.3 60.3 62.1 62.1 Macon 7,371 94.9 7,931 94.4 89.2 89.0 93.3 93.0 Memphis 93,118 71.2 138,622 71.3 61.5 62.2 87.8 88.5 Rayville 25,870 74.5 41,611 73.7 63.2 64.7 89.3 87.6 Visalia 3,533 83.8 16,694 87.4 90.7 77.9 90.7 77.9 Region Southeast 9,175 82.7 9,772 82.8 75.8 76.2 79.8 80.2 Mid-South 171,199 75.9 245,973 75.4 60.7 61.2 90.3 90.2 Southwest 115,082 64.5 1,053,509 61.2 48.8 65.6 60.4 75.5 West 3,533 83.8 16,694 87.4 90.7 77.9 90.7 77.9 United States 298,989 71.8 1,325,948 67.0 57.0 65.0 78.5 78.3 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 - 36.6-28.9-35.0-0.6 Corpus Christi 36.0 35.8 29.9 30.0 46.0 47.0 0.3 0.3 Dumas 37.5 37.3 30.8 30.7 46.0 46.0 0.5 0.5 Florence 35.6 35.7 28.9 28.9 48.0 48.0 0.3 0.3 Lamesa 36.6 36.4 31.5 31.2 44.0 43.0 0.5 0.4 Lubbock 35.7 35.7 31.5 31.5 46.0 46.0 0.4 0.4 Macon 36.4 36.3 28.4 28.5 44.0 44.0 0.3 0.3 Memphis 37.1 37.0 30.3 30.3 46.0 47.0 0.5 0.5 Rayville 37.6 37.7 31.5 31.7 47.0 47.0 0.4 0.4 Visalia 36.5 36.3 29.7 30.2 45.0 44.0 0.2 0.2 Region Southeast 36.2 36.2 28.5 28.6 44.8 44.8 0.4 0.3 Mid-South 37.3 37.2 30.6 30.6 46.2 46.7 0.5 0.5 Southwest 36.0 35.8 29.9 30.0 46.0 46.9 0.3 0.3 West 36.5 36.3 29.7 30.2 45.0 44.0 0.2 0.2 United States 36.8 36.1 30.3 30.1 46.0 46.8 0.4 0.3 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 Rayville 81.7 81.9 You may contact us by mail at Corpus Christi 81.1 81.4 Visalia 81.4 81.3 7193 Goodlett Farms Parkway Dumas 81.7 81.6 Region Cordova, TN 38016 ; Florence 80.9 81.0 Southeast 80.7 80.7 by phone (901)274-9030. Lamesa 80.5 80.6 Mid-South 81.9 81.9 Lubbock 81.2 81.2 Southwest 81.1 81.4 Macon 80.6 80.6 West 81.4 81.3 Memphis 82.0 82.0 United States 81.5 81.5
For The Week Ending October 4, 2018 Quality Page 2. SAMPLES CLASSED COLOR GRADE % 31 or Better % 41 or Better State Week Tenderable Season Tenderable Week Season Week Season Alabama 5,189 81.7 7,137 82.5 66.9 66.2 79.3 80.2 Arizona - - - - - - - - Arkansas 46,216 79.9 60,924 80.9 46.0 42.7 91.1 91.7 California - - - - - - - - Florida - - - - - - - - Georgia 5,231 96.9 5,231 96.9 90.9 90.9 95.7 95.7 Kansas - - - - - - - - Louisiana 24,592 74.2 39,671 73.1 63.8 65.4 89.9 88.0 Mississippi 46,142 83.9 56,624 84.2 64.4 64.6 94.2 94.8 Missouri 31,081 72.0 47,369 73.3 70.3 71.7 95.5 95.9 New Mexico - - - - - - - - North Carolina 1,351 29.7 1,351 29.7 24.6 24.6 24.8 24.8 Oklahoma - - 501 - - 0.6-0.6 South Carolina - - - - - - - - Tennessee 20,119 56.0 36,948 58.0 68.9 69.4 74.9 78.0 Texas 115,391 64.6 1,046,401 61.5 48.9 66.0 60.4 76.0 Virginia - - - - - - - - United States 295,312 71.8 1,302,157 64.3 56.7 65.7 66.1 85.4 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 36.4 36.3 29.1 29.2 44.0 44.0 0.4 0.4 Arizona - - - - - - - - Arkansas 37.5 37.3 30.6 30.5 46.0 46.0 0.6 0.6 California - - - - - - - - Florida - - - - - - - - Georgia 36.4 36.4 28.3 28.3 43.0 43.0 0.3 0.3 Kansas - - - - - - - - Louisiana 37.7 37.8 31.7 31.9 47.0 47.0 0.5 0.4 Mississippi 37.4 37.3 30.7 30.6 46.0 46.0 0.5 0.5 Missouri 37.2 37.1 30.1 30.3 47.0 47.0 0.5 0.4 New Mexico - - - - - - - - North Carolina 35.1 35.1 28.9 28.9 49.0 49.0 0.2 0.2 Oklahoma - 35.5-27.9-36.0-0.8 South Carolina - - - - - - - - Tennessee 36.6 36.5 30.1 30.2 47.0 48.0 0.4 0.4 Texas 36.0 35.8 29.9 30.0 46.0 47.0 0.3 0.3 Virginia - - - - - - - - United States 36.8 36.7 30.0 30.0 46.2 45.9 0.4 0.4 UNIFORMITY Average Uniformity Average Uniformity Prepared by Economic Services State Week Season State Week Season of the National Cotton Council. Alabama 81.1 81.1 Missouri 82.4 82.3 You may contact us by mail at Arizona - - New Mexico - - 7193 Goodlett Farms Parkway Arkansas 81.9 81.8 North Carolina 80.7 80.7 Cordova, TN 38016 ; California - - Oklahoma - 80.3 by phone (901)274-9030. Florida - - South Carolina - - Georgia 80.5 80.5 Tennessee 81.9 81.8 Kansas - - Texas 81.1 81.4 Louisiana 81.7 82.0 Virginia - - Mississippi 81.7 81.6 United States 81.5 81.5