Softs Report 01/27/2026

COTTON
General Comments: Cotton was lower yesterday and trends started to turn down on the daily reports. The weekly sales total was over 400,000 bales and much higher than what has been reported for the last couple of years. The USDA reports released a couple of weeks ago showed less production and unchanged demand. Ending stocks were less.
Chart Trends: Trends in Cotton are mixed to down. Support is at 62.40, 61.80, and 61.20 March, with resistance of 63.70, 64.20 and 64.90 March.

FCOJ
General Comments: Futures were a little higher yesterday as the Florida harvest is active end the weather remain benign. Chart trends are mixed. There is no freeze in the forecast, but areas north of the state have been very cold and more cold weather is possible later this week. 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:
Chart Trends: Trends in FCOJ are mixed. Support is at 210.00, 200.00, and 186.00 March, with resistance at 226.00, 230.00, and 240.00 March.

COFFEE
General Comments: New York and London closed higher yesterday, and trends are mixed in New York but up in London. There are still ideas and reports of increasing harvest sales from Vietnam. There are reports of very good conditions in Brazil. Most farmers 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.
Overnight News: The ICO average price is 296.52 ct/lb.
Chart Trends: Trends in New York are mixed. Support is at 345.00, 339.00, and 335.00 March, and resistance is at 363.00, 372.00 and 383.00 March. Trends in London are mixed to up. Support is at 3860, 3730, and 3670 March, with resistance at 4070, 4100, and 4190 .

SUGAR
General Comments: New York closed higher and London was lower yesterday. There are 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 1440, 1410, and 1380 March and resistance is at 1510, 1540, and 1560 March. Trends in London are mixed. Support is at 410.00, 404.00, and 398.00 March, with resistance at 427.00, 431.00, and 437.00 March.

COCOA
General Comments: New York and London closed higher yesterday. Short term trends are mixed to down. 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:
Chart Trends: Trends in New York are mixed to down. Support is at 4810, 4750, and 4690 March, with resistance at 5300, 5560, and 5790 March. Trends in London are mixed to down. Support is at 3280, 3160, and 3040 March, with resistance at 3660, 3780, and 4030 March.

Questions? Ask Jack Scoville today at 312-264-4322