Softs Report 09/15/2026

COTTON
General Comments: Cotton was lower yesterday in response to the USDA reports and on a stronger US Dollar. Trends in the Dollar Indes are starting to turn up and trends in Cotton are starting to turn down. USDA cut yield and harvested area for production of 13.2 billion bales. Domestic demand was trimmed but exports were unchanged and ending stocks were estimated at 369 million bales from 400 million last month. Stressful weather conditions continue. USDA this week showed that conditions are now 36% good to excellent . Progress is above average with the crop now 8% harvested. Forecasts and reports of scattered to isolated showers in Cotton areas continue for the Delts, and the Southeast. Temperatures will be warm to hot in all areas.
Overnight News
Chart Trends: Trends in Cotton are mixed. Support is at 82.60, 82.00, and 80.40 December, with resistance of 86.70, 88.80 and 91.10 December

FCOJ
General Comments: Futures were higher yesterday. USDA on Friday showed US oranges production at 58.250 million boxes and Florida production at 12.200 million boxes. Showers are showing up in Florida and trees are recovering. The weather for the next crop is seasonal. The weather is considered good for production in Mexico and showers are developing in Brazil.
Overnight News: ICE said that 0 notices were posted for delivery against September contracts and that total deliveries fort the month are now 0 contracts.
Chart Trends: Trends in FCOJ are mixed. Support is at 128.00, 125.00, and 122.00 September, with resistance at 159,00 167.00, and 174.00 September.

COFFEE
General Comments: New York was mostly higher and London was mixed to higher yesterday Trends are mixed in New York but are still turning up in London. Brazil coffee is being offered now in increasing quantities as harvest is almost over despite increased rains. The next crop is developing in the rest of South America amid scattered to isolated showers. Indonesia is now about done with its harvest. Asian conditions are called good. Other world production conditions are generally good. Mexico is in good condition, but Central America is dry.
Overnight News: The ICO average price is 268.20 ct/lb. ICE NY said that 4 notices were posted for delivery against September futures and that total deliveries for the month are now 216 contracts
Chart Trends: Trends in New York are mixed to down. Support is at 282.00, 270.00, and 264.00 December, and resistance is at 317.00, 322.00 and 329.00 December. Trends in London are mixed to down. Support is at 3200, 3140, and 3080 November, with resistance at 3610, 3690, and 3770 November.

SUGAR
General Comments: Both markets were lower yesterday. Trends are mixed on the daily charts in both markets. Drought in Europe and Brail are a major concern but seems to be easing now with the crop mostly made in Europe. The hot and dry weather was causing losses in Sugar beets production. There have been some rains in center-south Brazil causing some harvest delays. Indian production is less after hot and dry conditions and production in the rest of Asia could be hurt by El Nino weather. Higher world petroleum prices are supporting higher ethanol prices and could cause less Sugar to be produced.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 1750, 1720, and 1700 March and resistance is 1960, 2020, and 2080 March. Trends in London are mixed. Support is at 513.00, 506.00, and 499.00 December, with resistance at 554.00, 566.00, and 572.00 December.

COCOA
General Comments: New York and London were a little higher yesterday. Daily chart trends are mixed and weekly trends are turning down. 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 but demand has started to increase.
Overnight News: ICE NY said that 10 notices were posted for delivery against September futures and that total deliveries for the month are now 647 contracts.
Chart Trends: Trends in New York are mixed. Support is at 5720, 5600, and 5500 December, with resistance at 6320, 6550, and 6820 September. Trends in London are mixed. Support is at 4120, 4040, and 3820 December, with resistance at 4620, 4690, and 4990 December.

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