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Cotton AWP/LDP              06/24 12:56

Next week's LDP (POP) rate will be based on this week's five day average
AWP, plus or minus any change in the adjustment factor or any use of the
Secretary's discretionary authority.  The following table shows how this
week's "A" index prices may affect next week's Marketing Loan Gain.


                Crnt Forwrd         Trans               Count  Count
               5 Low  5 Low     US      &         Mktg    Adj    Adj
                (FE)   (FE)    Low   Qual         Loan   2010   2011
    Date      Quotes Quotes  Quote    Adj    AWP Gain* Crop** Crop**
Fri, Jun-24-16 73.95  72.15  73.75  17.73  56.22  0.00  0.35   0.45
Mon, Jun-27-16
Tue, Jun-28-16
Wed, Jun-29-16
Thu, Jun-30-16
Average Week
to date        73.95  72.15  73.75  17.73  56.22  0.00  0.35   0.45
In Effect
6-24 to 6-30   73.21  72.06  73.25  17.73  55.48  0.00  0.06   0.16

* No Step 1 action.
**Fine Count Adjustment cannot be less than zero.
NA = not available.
NA** = Not announced due to government shutdown.

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