Market Movement from 13th Apr 2026 to 18th Apr 2026.

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• NY futures posted an extraordinary gain this week, driven by a strong technical outlook and active shifting into the next contract month. This transition triggered heavy buying interest, with May futures rising sharply by 418 points and July futures gaining 449 points. July has now emerged as the lead month in the market.
• U. S. Export Sales were weak; however, shipments remained strong, indicating sustained near-term demand from mills.
• In the latest U. S. Export Sales Report for the week ending 09-Apr-2026 reflected steady demand in the cotton market. For the 2025–2026 season, net upland sales were reported at 1,61,101 bales, while upland shipments remained strong at 3,05,029 bales. Net Pima sales stood at 6,495 bales with shipments of 6,081 bales, taking the total sales for the current season to 1,67,596 bales. Meanwhile, for the 2026–2027 season, net upland sales were recorded at 26,863 bales with no Pima sales reported, resulting in a total of 26,863 bales, indicating moderate forward buying interest.
• This week, the Gujcot spot rate showed a steady upward trend, opening at 59,350 on Monday and gradually improving to 59,500 on Tuesday and 59,800 on Wednesday. The market gained further strength on Thursday, reaching 60,250, and continued its bullish momentum on Friday at 60,500. On Saturday, the rate was recorded at 60,750, reflecting sustained demand and positive sentiment in the physical cotton market.
• Strong gains in NY futures, along with increased CCI selling prices, have supported the Indian physical cotton market. Private market rates have crossed the psychological ₹60,000 mark for the first time, while CCI prices are nearing ₹61,000, driven by strong buying interest from merchants and traders.
• Despite a sharp rise in NY futures and steady Indian cotton prices supported by a stable rupee, the Indian basis remained firm throughout the week. The Indian basis traded in the range of 5.65 to 6.93 on NY May and 3.23 to 4.75 on NY July, and strengthened further toward the end of the week.
• This week, the USD-INR exchange rate remained largely stable in the early part before showing a gradual strengthening of the Indian Rupee towards the end. The rate opened at 93.38 on Monday and remained unchanged on Tuesday, followed by a marginal dip to 93.37 on Wednesday. The rupee gained further momentum on Thursday with the rate easing to 93.20, and continued its strengthening trend on Friday, closing the week at 92.92. Overall, the week reflected a mild but consistent appreciation in the rupee against the US dollar.
• Let’s hope for the best.