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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

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Softs Report 01/08/2026

By On January 8, 2026 - 9:58 AM · In Market Commentaries, Morning Grains & Softs Report
DJ U.S. October Coffee, Cocoa Imports-Jan 8
   In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
                       —-Oct 2025—-                —-Sep 2025—-
  -coffee-               kilograms          pounds       kilograms          pounds
coffee, unroasted       63,662,639     140,376,119     949,798,174   2,094,304,974
coffee, roasted          1,932,111       4,260,305      65,832,811     145,161,348
coffee, soluble
   instant               5,309,547      11,707,551      61,278,602     135,119,317
  -Cocoa-
cocoa beans             16,010,107      35,302,286     273,748,165     603,614,704
sweetened bars/block
  10 lbs or over         1,887,797       4,162,592      22,068,500      48,661,043
for retail candy                 0               0           9,750          21,499
cocoa butter             5,846,011      12,890,454      98,393,941     216,958,640
cocoa paste,
  not defatted           8,108,088      17,878,334      74,061,789     163,306,245
cocoa paste
   defatted              5,753,900      12,687,350      47,698,181     105,174,489
cocoa powder,
   unsweetened          10,829,593      23,879,253      86,272,768     190,231,453
cocoa powder,
    sweetened              249,562         550,284       1,331,649       2,936,286
confectioners
   coating               4,788,777      10,559,253      47,377,495     104,467,376
candy containing
 chocolate              17,736,248      39,108,427     150,627,651     332,133,970
COTTON
General Comments:   Cotton was a little lower after follow through speculative buying dried up.  Speculators were also the best sellers.  The stronger prices in internal markets there are supporting ideas of new Chinese demand for US Cotton.  Commercials have also been buying futures in recent weeks.  Farmers are not selling too much due to price, but buyers are hard to find.  The lack of demand seems to be part of the price for now.
Overnight News:
Chart Trends:  Trends in Cotton are mixed.  Support is at 64.80, 64.40, and 63.70 March, with resistance of 65.90, 66.40 and 67.20 March.
DJ U.S. Export Sales: Weekly Sales Totals-Jan 8
    For the week ended Jan 1, in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. Source: USDA
               wk’s net chg                  total
               in commitments             commitments      undlvd sales
                 this yr    next yr   this yr   last yr  this yr  next yr
upland cotton       98.0       22.5    6597.6    7752.1   3611.3    497.1
pima cotton          4.3        0.0     203.5     246.9     57.7      0.0
DJ U.S. October Cotton Exports-Jan 8
    In kilograms and in running 480-pound bales. Source. U.S. Department
Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
                                      ——- In Kilograms ——-
                                Oct 25      Sep 25      Aug 25        Oct 24
Upland, under 1 inch         2,593,683   2,538,179   2,542,910     2,240,774
  1 to 1 1/8 inch           48,925,683  30,383,047  36,824,060    32,424,994
Amer pima, over 1 1/8 inc    4,648,461   4,024,140   5,856,773     7,678,942
  upland 1 1/8 and over    114,017,858  91,984,920  94,745,533    82,463,970
All cotton                 170,185,685 128,930,286 139,969,276   124,808,680
                              ——- In Running 480-Pound Bales ——-
                                Oct 25      Sep 25      Aug 25        Oct 24
Upland, under 1 inch            11,913      11,658      11,679        10,292
  1 to 1 1/8 inch              224,714     139,548     169,132       148,927
  upland 1 1/8 and over         21,350      18,483      26,900        35,269
Amer pima, over 1 1/8 inc      523,680     422,483     435,163       378,754
All cotton                     781,656     592,172     642,874       573,242
FCOJ
General Comments:  Futures were sharply higher yesterday on speculative buying.  Chart trends turned back up.  There is no freeze in the forecast, but areas north of the state have been very cold.  Florida has also been dry and irrigation is needed.  Traders are worried about demand even with overall lower prices.  The weather is considered good for production in Brazil and Mexico.  Scattered showers are reported in Brazil.
Overnight News:  ICE said that 0 notices were posted for delivery against January futures and that total deliveries for the month are now 0 contracts.
Chart Trends:  Trends in FCOJ are mixed.  Support is at 207.00, 193.00, and 184.00 March, with resistance at 230.00, 240.00, and 2a50.00 March.
March
COFFEE
General Comments:  New York was a little higher but lower in London yesterday, and trends are up in New York on the daily charts and are mixed on the daily report in London.  There are still ideas and reports of increasing harvest sales from Vietnam.  There are reports of very good conditions in Brazil that has caused some farm selling in recent days, but most are holding for better prices.  Scattered showers are being reported now to improve tree condition in Brazil.  Mexico is in good condition, as is Central America.  Vietnam has scattered showers lately and conditions there are called good.  Vietnamese producers are selling but only in small amounts.  Exports were 1.58 million tons in 2025, 17.5% above the previous year.  Indonesia exported 34.101 million tons in November, up 61% from the previous year.
Overnight News: The ICO average price is 307.11 ct/lb.
Chart Trends: Trends in New York are mixed.  Support is at 339.00, 334.00, and 330.00 March, and resistance is at 382.00, 385.00 and 390.00 March.  Trends in London are mixed to up.  Support is at 3880, 3730, and 3670 March, with resistance at 4100, 4190, and 4270 .
SUGAR
General Comments:  New York and London were higher yesterday.  New York continues to trade violently between 1500 and 1600 March and London has maintained trading range in the weekly charts.  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 increase supplies while global consumption is expected to remain steady.
Overnight News:
Chart Trends: Trends in New York are mixed.  Support is at 1450, 1440, and 1410 March and resistance is at 1510, 1540, and 1560 March.  Trends in London are mixed.  Support is at 415.00, 410.00, and 404.00 March, with resistance at 431.00, 437.00, and 445.00 March.
COCOA
General Comments:  New York and London closed a little lower yesterday.  Short term trends are mixed.  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.  Cocoa bean arrivals at ports in Ivory Coast fell 3.4% between Oct 1 and January 4 versus the same period last season. This might be partly down to unusual rain in December.
Overnight News:
Chart Trends:  Trends in New York are mixed.  Support is at 5760, 5270, and 5200 March, with resistance at 6340, 6480, and 6710 March.  Trends in London are mixed.  Support is at 4150, 3830, and 3650 March, with resistance at 4530, 4620, and 4860 March.
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