Market Movement from 08th Jun 2026 to 13th Jun 2026.
• NY cotton futures closed lower for another consecutive week. Despite a supportive USDA WASDE report, the market failed to gain momentum. Easing geopolitical tensions, declining crude oil prices, and improving global conditions were largely ignored by traders. Instead, weak demand fundamentals and continued technical selling following the recent reversal kept pressure on prices throughout the week.
The 2026/27 U.S. cotton balance sheet shows reduced beginning and ending stocks, due to a 200,000-bale decrease from the previous year. Production, consumption, and trade forecasts are unchanged this month, and the projected season-average price remains at 73 cents per pound.
After a difficult start to June, the market’s focus is beginning to shift from macro-driven selling toward the supply-side story, with Thursday’s WASDE report and the June 30 Acreage report now in view.
• On the macro front, Wednesday’s CPI report will be closely watched as markets look for further clues on the timing of future Fed rate cuts. A stronger-than-expected inflation reading could support the U.S. dollar and weigh on commodity prices.
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.
