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

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• A neutral WASDE report, decent export sales and shipments, and rising M.M.F. prices supported the sentiment in NY futures. Cotton Futures (NY May) increased from 64.20 cents on 06-Mar to 65.85 cents on 13-Mar, registering a week-on-week gain of 1.65 cents.
• The United States Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) – Mar 2026 report shows no change in the 2025/26 U.S. cotton balance sheet or prices, while global cotton production is increased by about 1.1 million bales mainly due to higher output in Brazil and China; global consumption is slightly lower, trade is marginally higher with increased imports by India, and world ending stocks are raised to 76.4 million bales, pushing the global stocks-to-use ratio up to 64%.
• U. S. Export Sales and Shipments were better this week, indicating strong demand for U.S. cotton.
• In the latest U. S. Export Sales Report for the week ending 05-March-2026, U.S. cotton export sales showed improvement. Net Upland sales for the 2025–2026 marketing year were reported at 2,53,200 bales, while Upland shipments remained strong at 3,70,100 bales. Net Pima sales were 7,100 bales with shipments of 17,900 bales, taking the total cotton sales for the week to 2,60,300 bales. For the 2026–2027 marketing year, Net Upland sales were reported at 36,600 bales with no Pima sales, bringing the total new crop sales to 36,600 bales.
• This week, the Gujcot Spot Rate showed a steady upward trend in the Indian cotton market. The rate was ₹54,050 on Monday, increased to ₹54,200 on Tuesday, further rose to ₹54,300 on Wednesday, and continued its upward movement to ₹54,400 on Thursday. On Friday, the rate strengthened to ₹54,500, and on Saturday ₹54,600.
• In the Indian physical market, sentiment remained supportive. C.C.I. was able to sell a good quantity during the week, and as a result, it increased its rate by ₹200 per candy.
• Daily arrivals also declined to around one lakh bales per day.
• Mills had good orders, and yarn prices also remained somewhat firm during this week.
• The Indian basis has now narrowed due to the depreciating rupee and firm NY futures.
• During this week, the Indian basis remained between 9.34 and 10.13.
• During the week, the USD–INR exchange rate showed mixed movement with a slight upward bias. The rupee closed at 92.33 against the U.S. dollar on Monday, strengthened to 91.81 on Tuesday, and then weakened to 92.04 on Wednesday. The depreciating trend continued with the rate at 92.19 on Thursday and 92.45 on Friday, indicating overall volatility in the currency market during the week.
• Let’s hope for the best.