Markets remain driven by geopolitics and energy, with Middle East tensions and inflation data in focus.
• Crude oil continues to lead the macro narrative as escalating Middle East conflict keeps energy markets elevated and sentiment highly reactive to headlines. The macro tone remains supportive but volatile, with this week’s inflation data, including PCE and CPI, set to test whether the current narrative can hold.
Gujcot Second Quarterly Rate Movement Report - 2025-26
During the second quarter of 2026, ICE cotton futures displayed a mixed trend with an initial phase of weakness followed by a strong recovery towards the end of the quarter.
At the beginning of January, both ICE March and May futures traded in a relatively stable range, with ICE May hovering around 65.50–66.50 cents and ICE March near 64.00–65.00 cents.
Market Movement from 30th Mar 2026 to 04th Apr 2026.
• During the week, stronger export sales and firm crude oil prices supported another positive week for NY futures. NY May closed with a weekly gain of 146 points.
Markets will likely remain driven by geopolitics, with Middle East developments and energy price volatility continuing to outweigh traditional fundamentals in the near term.