Market Movement from 26th Jan 2026 to 31st Jan 2026.
• NY March futures traded in a narrow range of 62.75 to 64.40 during the week. Despite strong export sales reported consistently over the past three weeks, the market largely ignored the positive data and remained range-bound, as broader macroeconomic conditions failed to provide support. NY March closed the week with a loss of 64 points on a week-on-week basis.
There was no shortage of major developments during last week’s shortened trading week. Markets and politics were active on multiple fronts.
• Another partial government shutdown is looming, the U.S. dollar has fallen to new four-month lows, and the Buying American Cotton Act (BACA) is back in focus after gaining renewed momentum in both the Senate and the House of Representatives.
Market Movement from 19th Jan 2026 to 24th Jan 2026.
• During the week, export sales recorded the highest level of the year; however, ongoing uncertainty in the global macroeconomic environment led the market to overlook this positive factor. As a result, NY March futures closed in the red, posting a week-on-week loss of 85 points.
Flat as prices have remained, the cotton market continues to confound most analysts. March held its 64-cent handle all week, and the new crop December contract held the 68-69 cent area. The spot March remains some 150/200 points above the late 2025 early 2026 lows. More importantly, the market has shown every intention of holding above those lows.