Market Movement from 09th Feb 2026 to 14th Feb 2026.
• NY March contract recovered from recent lows during the week, supported by some fresh fixation buying and rollover activity. The neutral WASDE report did not provide any clear directional trigger to the market; however, despite the lack of strong fundamental cues, NY March managed to close the week with a gain of 105 points on a week-over-week basis.
COTTON: Changes to the 2025/26 U.S. cotton balance sheet are minimal this month with the export projection reduced 200,000 bales on lagging sales and ending stocks raised by the same amount for an ending stocks-to-use ratio of 32 percent. Production, beginning stocks, and mill use are unchanged. The projected 2025/26 season average upland farm price is lowered 1 cent to 60 cents per pound.
Same song, tenth verse. First notice day is around the corner, and the expiring futures contract, now the March contract, is moving to new lows, a trend the market has witnessed for over a year. Too, the soon-to-be spot month May futures are falling to the prior March lows, another trend observed for nearly 18 months as cotton prices continue to fall, fall, fall.
NY futures traded in a tight range of 63–65 throughout the month. Despite supportive factors such as a better WASDE and strong export sales, the market failed to sustain gains and break the upper band.
Overall, the market remains stuck in a narrow range.