Cotton's Week: July 9, 2004

Adjusted World Price, SLM 1^1/16	cents	*
Coarse Count Adjustment	0.00 cents
Marketing Loan Gain Value	cents
Import Quotas Open	number
Step 3 Quotas (480-lb. bales)	number
ELS Payment Rate	cents
*No Adjustment Made Under Step I

Five-Day Average

Current 3135 c.i.f. Northern Europe	cents
Forward 3135 c.i.f. Northern Europe	cents
Coarse Count c.i.f. Northern Europe	cents
Current US c.i.f. Northern Europe	cents
Forward US c.i.f. Northern Europe	cents

2007-08 Weighted Marketing-Year Average Farm Price

Year-to-Date (August-XXX PUT MONTH HERE XXX)	cents	**
**August-July average price used in determination of counter-cyclical payment