MFA Agri Services  - Tipton - California - Versailles
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Cotton AWP/LDP                 10/25 08:17

Weekly cotton Fine Count Price and Adjustment data.
       Adj
       LFQ as                           |                 Fine   Fine
         % of          LFQ              |                Count  Count
       ELS               Price   USPFE  |          Adj     Adj    Adj
          Loan   USPFE Adj For    Less  |        World     2023   2024  CCA   
LDP
Date      Rate   Price Quality     LFQ  |Date    Price  Crop** Crop**
  09/19  149.69  168.80  165.00    3.80 |  10/24  59.28    0.11   0.00  0.00  
0.00
  08/22  141.44  160.00  158.00    2.00 |  10/17  59.24    0.00   0.00  0.00  
0.00
  07/25  141.44  170.00  158.00   12.00 |  10/04  60.81    0.00   0.00  0.00  
0.00
  06/27  141.44  175.00  158.00   17.00 |  09/27  61.06    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.