About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

Visit Website →

Softs Report 12/09/2025

By On December 9, 2025 - 11:31 AM · In Market Commentaries, Morning Grains & Softs Report
COTTON
General Comments:   Cotton was little changed yesterday as traders wait for the monthly USDA WASDE estimateds to be released later this morning.  Futures could still work lower as cash market appears to be quiet.  Farmers are not selling too much due to price, but buyers are hard to find.  A lack of new Chinese demand has been important and a reason to see lower US prices.  The lack of demand seems to be part of the price for now but the demand is not a reason to see a rally anytime soon.  The US harvest is over.  The monsoon in India is good and a good production there is possible.
Overnight News:  ICE said that 0 notices were posted for delivery against December futures and that total deliveries for the month are now 185 contracts.
Chart Trends:  Trends in Cotton are mixed.  Support is at 63.20, 62.00, and 60.80 March, with resistance of 64.90, 65.40 and 65.90 March.
FCOJ
General Comments:  Futures were higher last yesterday, and the trends are still mixed on the daily and weekly charts.  Trading has been choppy lately as the market tries to confirm a low in the current trading area.  Traders are worried about demand even with lower prices.  FCOJ from Brazil has been subjected to tariffs but those have been stopped by the US for now.  The weather is considered good for production here and in Brazil and Mexico.  Development conditions are good in Florida and in Brazil now with occasional showers in Florida and dry weather in Brazil.
Overnight News:
Chart Trends:  Trends in FCOJ are mixed to down.  Support is at 143.00, 13300, and 128.00 January, with resistance at 158.00, 164.00, and 173.00 January.
COFFEE
General Comments:  New York and London were lower yesterday, and trends are still mixed in New York and are still down in London.  Scattered showers are being reported now to improve tree condition in Brazil.  Mexico is in good condition, as is Central America.  Vietnam has seen too much rain as typhoons hit the country, but the rains are receding now and harvesting has resumed.
Overnight News: The ICO average price is 312.99 ct/lb.  ICE NY said that 0 notices were posted for delivery against December futures and that total deliveries for the month are now 516 contracts.
Chart Trends: Trends in New York are mixed.  Support is at 363.00, 359.00, and 352.00 March, and resistance is at 390.00, 400.00 and 415.00 March.  Trends in London are mixed to down.  Support is at 4140, 4000, and 3950 January, with resistance at 4600, 4690, and 4790 January.
SUGAR
General Comments:  New York was a little higher and London was a little lower yesterday as ideas of good supplies for the market ran into short covering interest.  Trends are sideways.  There are still ideas of good supplies for the market from good growing conditions for cane and beets around the world continue.  The prospect of a big global surplus in the 2025/26 season was keeping the market on the defensive with a rise in production in India and Thailand set to increased supplies while global consumption is expected to remain steady.
Overnight News:
Chart Trends: Trends in New York are mixed.  Support is at 1460, 1430, and 1400 March and resistance is at 1520, 1540, and 1610 March.  Trends in London are mixed to down.  Support is at 416.00, 410.00, and 408.00 March, with resistance at 437.00, 445.00, and 452.00 March.
COCOA
General Comments:  New York closed slightly higher and London closed a little higher yesterday.  A big main crop harvest is anticipated in West Africa and rains have been positive for crops lately.  Light rains mixed with heat in Ivory Coast’s cocoa-growing regions last week signaled a positive outlook for the main crop.  There are still reports of increased production potential in other countries outside of West Africa, including Asia and Central America.  The market feels that there is less demand and the lack of demand is expected to continue.
Overnight News:  ICE NY said that 0 notices were posted for delivery against December futures and that total deliveries for the month are now 1,511 contracts.
Chart Trends:  Trends in New York are mixed.  Support is at 5270, 4930, and 4820 March, with resistance at 6110, 6510, and 6710 March.  Trends in London are mixed.  Support is at 3830, 3650, and 3600 March, with resistance at 4200, 4400, and 4500 March.
Questions? Ask Jack Scoville today at 312-264-4322        
Tagged with: • • • • • • •