Gujcot Second Quarterly Rate Movement Report - 2024-25
• NY remained stuck in a narrow range throughout the January–March quarter. As the NY March contract approached expiry, it experienced some downward movement but largely stayed within the 65–68 range. Meanwhile, the NY May contract remained confined to a narrow range of 65–69.
Cotton Market Teasing Higher Prices-But Not Quite Yet
The cotton market teased us again with the old crop May contract nearing the 68-cent mark and very active trading above 67 cents. However, the May backed off and settled the week slightly below 67 cents.
Market Movement from 24th Mar 2025 to 29th Mar 2025.
• NY futures experienced a relief rally driven by strong shipments and short covering. As a result, NY may close the week with a gain of 163 points week-over-week.
Cotton prices rose this week but remained within a tight trading range. Export shipments remained strong, yet mill demand stayed soft. The technical trends outlook remains weak. However, with a major USDA report set for release next week regarding the 2025 crop year, will it help drive a positive shift in next year’s prices, or will challenges persist? Get QuickTake’s read on the week’s events in five minutes.