Market Movement from 04th May 2026 to 09th May 2026.
• NY futures traded with huge volatility during the week. Following the news of a possible end to the conflict, crude oil prices declined sharply. However, as no concrete solution emerged, prices recovered and regained strength later in the week.
ICE Cotton Futures (July contract) opened the month near 73 cents and sustained strong upward momentum throughout the period. The key driving factor was the rise in crude oil prices amid escalating tensions between the United States and Iran, which boosted overall commodity sentiment. Supported by positive technical indicators and speculative buying, the NY July contract closed above the 82-cent mark.
Macro will stay in the driver’s seat this week, with several moving pieces likely to influence overall direction.
• Friday’s jobs report is the main event. Expectations are fairly neutral, so the reaction will matter more than the number itself. The dollar will be key to watch – strength there would likely lean against export-heavy commodities like cotton, while any weakness could be supportive.
Market Movement from 27th Apr 2026 to 02nd May 2026.
• It was another strong week for bulls in the NY futures market, as positive technical indicators continued to attract buying interest. Ongoing geopolitical tensions, with no clear resolution to the war, pushed crude oil prices higher, making PSF more expensive and supporting cotton prices. Backed by improved market sentiment and speculative buying, NY July posted a robust weekly gain of nearly 5%, ultimately closing with an impressive rise of 483 points week-on-week.