Market Movement from 01st Jun 2026 to 06th Jun 2026.
• Another week ended with a bearish tone in the New York cotton futures market, as prices continued their downward trend and settled in the red. The decline was driven by a combination of rollover activity, long liquidation, and a technical reversal after futures closed below key support levels. July futures ended the week with a loss of 240 points, while the lead December contract closed 211 points lower.
The cotton market witnessed significant volatility during the month, driven largely by macroeconomic developments and geopolitical events. Both the NY July and December futures contracts trended higher through mid-month, with July reaching 87 cents and December surpassing 88 cents. However, the rally was short-lived, as both contracts reversed sharply and ended the month at approximately 76 cents and 79 cents respectively. Overall, the market experienced an exceptionally volatile trading range of nearly 11 cents during the month.
Cotton enters June with some supportive headlines following the launch of the Great American Cotton plan and India’s removal of its cotton import duty. However, macro developments, weather, and outside markets are likely to remain the primary drivers of price action this week.