The cotton market posted five consecutive days of losses, weighed down by weather and broader market headwinds. Although the trade war continues, there are signs that tariff relief may be on the horizon. Still, the ongoing conflict contributed to disappointing economic data throughout the week. With so much uncertainty in play, what’s next for the cotton market? Get QuickTake’s read on the week’s events in five minutes.
Market Movement from 21st Apr 2025 to 26th Apr 2025.
• With May contracts nearing expiry, July has now become the lead month. During the week, NY futures showed some momentum. The decline in open interest suggests that traders are squaring up their positions. The July contract closed the week with a gain of 1.67 points week-on-week. Similarly, the December contract also followed suit, ending the week with a gain of 1.53 points week-on-week.
The cotton market rallied, drawing strength from outside markets. While the trade war continues, there’s potential relief on the horizon regarding tariffs. Will the market’s momentum continue, or will uncertainty take the reins? Get QuickTake’s read on the week’s events in five minutes.