*Market Movement from 05th Jan 2026 to 10th Jan 2026.*
• The week started on a positive note following news that China has reduced its cotton planting for the next season. ZCE prices surged on this development, and the New York market followed the upward momentum. NY March futures crossed the resistance level of 65 cents and moved up to 65.70 cents, but failed to sustain at higher levels and gradually slipped back into the earlier trading range of 64–65 cents. Ultimately, NY March closed the week with a marginal week-on-week gain of 40 points.
• Holiday trading carried through year-end as markets looked ahead to 2026. The year started off relatively quiet, but geopolitical tensions between the U.S. and Venezuela could inject some volatility into energy markets. Beyond that, attention is shifting to a busier data calendar that may help set the tone early in the year.
The New Year begins a bit brighter than Auld Lang Syne sent out the old one. The idea that China will reduce 2026 cotton plantings worked in favor of higher prices in the new crop December contract. The contract broke above 67 cents, reaching the mid-68s. Time will tell if this can hold and if the 70-72 cent level can be challenged.
Market Movement from 29th Dec 2025 to 03rd Jan 2026.
• There was no significant volatility in NY futures during the festival week.
• NY March cotton futures edged lower over the week, easing from 64.49 cents on 26 December to 64.01 cents on 02 January, registering a week-on-week loss of 0.48 cents.