Market Movement from 09th Feb 2026 to 14th Feb 2026.

• NY March contract recovered from recent lows during the week, supported by some fresh fixation buying and rollover activity. The neutral WASDE report did not provide any clear directional trigger to the market; however, despite the lack of strong fundamental cues, NY March managed to close the week with a gain of 105 points on a week-over-week basis.
• The USDA-WASDE Feb 2026 cotton report shows only minor changes in the U.S. balance sheet for 2025/26, with exports cut by 2,00,000 bales due to slow sales, raising ending stocks and pushing the stocks-to-use ratio to 32%, while production and mill use remain unchanged and the average upland farm price is lowered by 1 cent to 60 cents per pound. Globally, production is increased by 4,25,000 bales mainly due to higher output in China and South Africa (partly offset by lower crops in Argentina and Mexico), while world consumption falls by 2,00,000 bales—led by a reduction for Pakistan—and global trade declines slightly. As a result, world ending stocks rise by nearly 6,30,000 bales to 75.1 million bales, lifting the global stocks-to-use ratio to 63%, indicating relatively comfortable supply conditions worldwide.
• In the latest U. S. Export Sales Report for the week ending 05-February-2026, U.S. cotton export sales data indicates steady demand momentum in the 2025-26 marketing year, with net upland sales reported at 2,31,000 bales and upland shipments at 1,88,600 bales, reflecting healthy export execution. Net Pima sales stood at 4,500 bales while Pima shipments were higher at 8,300 bales, suggesting continued fulfillment of prior commitments. Total net sales for the current marketing year reached 2,35,500 bales. Meanwhile, for the 2026-27 marketing year, forward booking activity was moderate with net upland sales of 50,900 bales and no reported Pima sales, taking total sales for the next season to 50,900 bales. Overall, the report reflects consistent buying interest in U.S. upland cotton along with stable shipment pace, supporting near-term export sentiment.
• This week, Gujcot spot rates remained under mild pressure with a gradual downward trend. The market opened on Monday at ₹54,250 per candy and softened slightly to ₹54,200 on Tuesday, followed by ₹54,150 on Wednesday and ₹54,100 on Thursday. Prices remained steady on Friday at ₹54,100 and on Saturday ₹54,200, indicating limited buying support at lower levels and cautious mill participation amid steady arrivals and subdued yarn demand. Overall, the week reflected a narrow range movement with a marginal bearish bias, as trade activity stayed moderate and participants closely monitored domestic demand and export parity.
• In the Indian physical cotton market, prices are currently steady without any clear direction. Due to the recent decline in kapas rates, the Cotton Corporation of India (CCI) continues to receive good quantities for procurement. It appears that CCI is likely to continue its purchases until the end of February. CCI’s support is helping to keep the market stable, despite relatively slow buying activity from the trade.
• In India, daily cotton arrivals are currently close to 1,40,000 bales. However, slow buying from mills and traders is putting pressure on the market, keeping prices under stress.
• Mills are adopting a cautious buying approach due to shifting macroeconomic conditions influenced by ongoing political developments.
• The currency market is also experiencing volatility due to ongoing political events.
• During this week, the Indian basis remained between 13.88 and 14.73.
• The USD-INR exchange rate remained largely stable with minor fluctuations in a narrow range. The week opened at 90.66 on Monday, eased slightly to 90.58 on Tuesday, and strengthened to 90.70 on Wednesday, marking the highest level of the week. On Thursday, the rate softened again to 90.59 and finally closed at 90.64 on Friday. Overall, the movement indicates a steady trend with limited volatility, reflecting balanced market sentiment throughout the week.
• “Hope for the best.”