Softs Report 06/11/2026

COTTON
General Comments: Cotton was slightly higher yesterday in consolidation trading and des[ite improving weather for Cotton growing areas of the US. USDA showed that squaring and emergence were running at near or above normal last week and the weather has improved with increased precipitation for all areas. USDA showed that condition is well behind year ago levels. Forecasts and reports of scattered showers in Cotton areas continue for Texas, the Delts, and the Southeast. Temperatures will be variable. Trends are down on the daily and weekly charts.
Overnight News:
Chart Trends: Trends in Cotton are mixed. Support is at 71.00, 70.40, and 70.00 July, with resistance of 76.00, 78.30 and 79.10 July.

DJ US Export Sales: Weekly Sales Totals-Jun 11
For the week ended Jun 4, in thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Totalcommitments are total export shipments plus total sales. Source: USDA
wk’s net change total
in commitments commitments undlvd sales
this year next year this yr last yr this yr next yr
upland cotton 207.0 298.7 11540.2 11525.3 2357.5 2120.1
pima cotton 7.6 0.1 474.2 453.7 108.1 70.7

FCOJ
General Comments: Futures were lower and trends are still mixed on the daily charts. It is still dry in Florida. The weather for the next crop is dry but seasonal and some rains are now being reported. The weather is considered good for production in Mexico but it is dry in Brazil. Scattered showers are still reported in eastern Brazil but many areas are drying out seasonally.
Overnight News:
Chart Trends: Trends in FCOJ are mixed to down. Support is at 148.00, 142.00, and 136.00 July, with resistance at 178,00 184.00, and 190.00 July

COFFEE
General Comments: New York and London were lower yesterday. The US and Iran are still negotiating even with the war turning hotter again as Iran and Israel traded bombs and missiles over the weekend. The next crop is developing well in South America and Asia amid good conditions. The harvest ib Brazil is a little behind last year. World production conditions are generally good. Mostly dry conditions are being reported now in Brazil. Mexico is in good condition, as Central America. Vietnam has had drier weather and conditions there are called good. Some showers are starting to appear there.
Overnight News: The ICO average price is 235.29 ct/lb.
Chart Trends: Trends in New York are down. Support is at 242.00, 236.00, and 230.00 July, and resistance is at 262.00, 390.00 and 287.00 July. Trends in London are mixed. Support is at 3250, 3180, and 3120 July, with resistance at 3610, 3650, and 3680 July.

SUGAR
General Comments: New York and London were lower again yesterday. The Iran has has increased world petroleum prices and could divert demand from Sugar production to production of ethanol. Trends are mixed on the daily charts in both markets. There are good supplies for the market from good growing conditions for cane and beets around the world. Drier weather in parts of Brazil and India have been good for the harvest.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 1370, 1340, and 1310 July and resistance is 1550, 1570, and 1600 July. Trends in London are mixed. Support is at 404.00, 398.00, and 392.00 August, with resistance at 457.00, 468.00, and 474.00 August.

COCOA
General Comments: Both markets were a little lower yesterday. Daily trends are mixed to down in both markets, with New York showing the weaker chart pattern. A big main crop harvest has arrived in West Africa and rains have been positive for the next 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 due to the high prices seen last year and the lack of demand is expected to continue.
Overnight News:
Chart Trends: Trends in New York are mixed to down. Support is at 3830, 3650, and 3490 July, with resistance at 4460, 4780, and 5130 July. Trends in London are mixed to down. Support is at 2750, 2710, and 2500 July, with resistance at 3350, 3550, and 3690 July.

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