Market Movement from 15th Jun 2026 to 20th Jun 2026.

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• During the shortened trading week, NY cotton futures traded higher. The rally was driven primarily by short covering, as open interest in the front-month contract declined. The lead December contract settled at 79.67 cents/lb, posting a weekly gain of 325 points.
• U. S. Export Sales and shipments were lower this week. With only seven weeks remaining in the marketing year, weekly shipments must average around 2,91,000 bales to achieve the USDA export target.
• The latest U.S. Export Sales report for the week ending Jun 11, 2026, Net upland sales for the 2025-26 marketing year totaled 1,77,098 bales, while net Pima sales reached 5,460 bales, bringing total sales to 1,82,558 bales. Export shipments were robust, with upland shipments of 2,50,964 bales and Pima shipments of 13,166 bales. For the 2026-27 marketing year, net upland sales totaled 1,88,395 bales, with no reported Pima sales, resulting in total new-crop sales of 1,88,395 bales. Overall, the report reflected healthy export demand, supported by strong shipment activity and solid forward sales commitments.
• The Indian cotton market remained firm throughout the week, supported by strong domestic demand and tightening supplies. Gujcot Shankar-6 spot prices continued to rise steadily, opening at ₹61,200 per candy on Monday, increasing to ₹61,650 on Tuesday, ₹62,400 on Wednesday, ₹63,050 on Thursday, and ₹63,450 on Friday. The market sentiment remained bullish as buyers actively covered their near-term requirements amid limited arrivals from the current crop. Strong physical demand, along with higher CCI prices and reduced availability in major producing regions, continued to support cotton values during the week. Gujcot Shankar-6 spot prices closed at ₹63,550 per candy on Saturday, registering a significant weekly gain.
• The Indian physical cotton market regained momentum this week. CCI increased its selling prices twice during the week, by ₹500 and ₹300 per candy, respectively. During this week CCI has sales 7,78,500 bales. As the special 60-day lifting period came to an end, buyers rushed to cover their long-term requirements, providing strong support to the market.
• In the private sector, cotton arrivals are now nearing completion in Central India, while only limited quantities of the new crop are arriving from South India. With supplies tightening, Indian cotton prices have rebounded sharply from their recent lows. During the week, Gujcot Shankar-6 prices recorded a significant increase.
• During this week, the Indian basis remained between 4.41 and 6.27.
• Meanwhile, the end of the conflict led to some appreciation in the Indian rupee, supported by softer crude oil prices. The combination of a stronger rupee and higher domestic cotton prices resulted in a wider Indian basis against New York futures.
• The USD-INR exchange rate remained firm throughout the week, reflecting a gradual appreciation of the Indian Rupee against the U.S. Dollar. The exchange rate opened at 94.71 on Monday and strengthened steadily to 94.56 on Tuesday and 94.53 on Wednesday. The Rupee gained further momentum on Thursday, with the rate improving to 94.33, and closed the week at 94.32 on Friday. Overall, the Indian Rupee appreciated by 39 paise during the week, supported by softer crude oil prices and improved market sentiment.
• Let’s hope for the best.