Market Movement from 08th Jun 2026 to 13th Jun 2026.

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• NY cotton futures closed lower for another consecutive week. Despite a supportive USDA WASDE report, the market failed to gain momentum. Easing geopolitical tensions, declining crude oil prices, and improving global conditions were largely ignored by traders. Instead, weak demand fundamentals and continued technical selling following the recent reversal kept pressure on prices throughout the week.
• NY July futures closed at 72.94 cents/lb, posting a weekly loss of 81 points. Meanwhile, the lead month December contract settled at 76.42 cents/lb, down 106 points on the week.
• U. S. Export Sales and shipments remained strong, prompting the USDA to raise its export projection to 12.2 million bales. With the current pace of sales and shipments, this target appears well within reach.
• The latest U.S. Export Sales report for the week ending Jun 04, 2026, remained supportive for the cotton market. Net upland cotton sales for the 2025-26 marketing year totaled 2,07,032 bales, while upland shipments reached a strong 3,00,114 bales. Net Pima sales were reported at 7,608 bales with shipments of 22,891 bales, bringing total sales for the current crop year to 2,14,640 bales. For the 2026-27 marketing year, exporters booked an impressive 2,98,689 bales of upland cotton along with 88 bales of Pima cotton, resulting in total new-crop sales of 2,98,777 bales. The strong level of shipments and robust forward sales indicate continued international demand for U.S. cotton despite recent weakness in futures prices.
• The June USDA WASDE report is slightly bullish for cotton, as global 2026-27 ending stocks were reduced to 71.1 million bales and 2025-26 world ending stocks were cut by over 6,00,000 bales due to stronger export demand, while U.S. 2025-26 exports were increased to 12.2 million bales and U.S. ending stocks lowered to 4.2 million bales, indicating a tighter supply outlook despite largely unchanged production forecasts.
• The Indian physical cotton market remained under pressure during the week, with Gujcot spot rates declining from ₹61,750 per candy on Monday to ₹61,100 on Tuesday and ₹60,750 on both Wednesday and Thursday. The market witnessed a slight recovery on Friday, with prices improving to ₹60,900 per candy and on Saturday to ₹61,100 per candy. Overall, the week reflected a weak sentiment amid subdued demand and cautious buying by mills, while market participants continued to monitor sowing progress and monsoon developments across key cotton-growing regions.
• The Indian physical cotton market recorded another week of decline. CCI reduced its selling price by a substantial ₹2,500 per candy; however, it managed to sell only around 45,000 bales during the week. This suggests that buyers remain reluctant to make fresh purchases and are instead relying on their existing inventories.
• Trading activity in the private market also remained limited. Despite lower arrivals, market sentiment stayed weak, and cotton prices continued to face downward pressure.
• Indian mills have recently started booking some imported cotton. However, despite the zero import duty, buying interest remains limited as domestic cotton is currently priced more competitively than imported cotton.
• Monsoon progress has stalled near the Goa–Konkan region. The India Meteorological Department (IMD) has forecast an uneven monsoon distribution this year, raising concerns about rainfall patterns across different regions.
• Cotton sowing has declined in North India; however, acreage in Central and Southern India appears to be higher, indicating a potential increase in overall planting in these regions.
• Indian basis against the front-month NY December contract remained strong, trading in the range of 4.56 to 6.43 cents. On the last trading day, the Indian rupee appreciated, supported by a decline in crude oil prices.
• The USD-INR exchange rate witnessed a volatile week with mixed movements. The rupee started the week at 95.71 on Monday and strengthened over the next two sessions, with the exchange rate easing to 95.35 on Tuesday and 95.27 on Wednesday. However, the trend reversed on Thursday as USD-INR climbed to 95.76, before the rupee regained strength on Friday, closing the week at 95.11. Overall, the Indian rupee appreciated by 0.60 against the U.S. dollar during the week, supported by improved market sentiment and end-of-week buying interest in the domestic currency.
• Let’s hope for the best.