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Cotton AWP/LDP                 05/02 07:13

Weekly cotton Fine Count Price and Adjustment data.

                  Fine    Fine
                 Count   Count
           Adj     Adj     Adj
         World     2023    2024    CCA    LDP
Date     Price  Crop**  Crop**
  05/01   54.94    0.00    0.00    0.00   0.00
  04/25   54.88    0.00    0.00    0.00   0.00
  04/17   53.43    0.00    0.00    0.00   0.00
  04/10   53.10    0.00    0.00    0.00   0.00



TBA - To Be Announced
na - Not available at this time

**Fine Count Adjustment cannot be less than zero.
NA = not available.

The adjusted LFQ = LFQ adjusted for the transportation cost between
the United States and the Far East.

Source: USDA Farm Service Agency (FSA) and USDA Commodity Credit Corporation
Extra Long Staple (ELS) cotton competitiveness payments are provided whenever,
for 4 consecutive weeks, the lowest Friday through Thursday average adjusted
price quotation for foreign growths (LFQ) is less than the Friday through
Thursday average price quotation for U.S. Pima cotton, CFR Far East (USPFE);
and the adjusted LFQ is less than 113 percent of the current 2022 crop year
loan level for ELS cotton grade 2, staple 46, micronaire 3.5 or higher,
strength 37.5 grams per tex and above (95.00 cents per pound). Future payments
will be established if price conditions warrant.

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Futures and commodities trading involves significant risk of loss and is not suitable for every investor. Information herein is strictly the opinion of its author and is intended for informational purposes. Information is obtained from sources believed to be reliable but is in no way guaranteed. Neither Northern Crops Marketing nor its employees are liable or responsible for its use. Opinions, data, and recommendations are subject to change; past performance is not indicative of future results.
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