Softs Report 09/25/2026

COTTON
General Comments: Cotton was higher yesterday after a rally this week based on stressful weather seen recently and on hopes for new demand from China due to the summit going on now. The weekly export sales report showed strong demand. The weather is expected to improve this week with somewhat cooler temperatures and rains, especially in West Texas. USDA this week showed that conditions are now 48% good to excellent. Progress is above average with the crop now 12% harvested and 58% opening bolls. 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 80.40, 79.20, and 77.80 December, with resistance of 84.00, 85.30 and 85.60 December

FCOJ
General Comments: Futures were a little higher again yesterday on follow through buying.. Prices are now in the middle to u8pper end of the recent trading range. 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:
Chart Trends: Trends in FCOJ are mixed. Support is at 140.00, 137.00, and 135.00 September, with resistance at 156,00 159.00, and 167.00 September.

COFFEE
General Comments: New York and London were both lower again Tuesday as Brail crops are looking better with good weather but were higher yesterday. Trends are down in New York and in London. Brazil coffee is being offered now in increasing quantities as harvest is almost over despite increased rains. Conditions are called good for next crop development. 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 has been dry
Overnight News: The ICO average price is 250.82 ct/lb.
Chart Trends: Trends in New York are down. Support is at 270.00, 264.00, and 257.00 December, and resistance is at 282.00, 202.00 and 300.00 December. Trends in London are down. Support is at 3200, 3140, and 3080 November, with resistance at 3380, 3610, and 3890 November.

SUGAR
General Comments: London was higher yesterday and New York was lower after testing nearby resistance areas. Trends are mixed on the daily charts in London and are mixed to up in New York. Drought in Brazil are a major concern. The hot and dry weather was causing losses in Sugar beets production. Refines in the region are producing ethanol at the expense of Sugar.. 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 to up. Support is at 1790, 1750, and 1720 March and resistance is 1930, 1960, and 2020 March. Trends in London are mixed to down. Support is at 476.00, 451.00, and 441.00 December, with resistance at 522.00, 531.00, and 534.00 December.

COCOA
General Comments: New York and London were higher yesterday om weather concerns. Daily and weekly trends are down. A big main crop harvest has arrived in West Africa but it has now turned dry for the next crop. Dry conditions in Ivory Coast have created concerns about the prospects for 2026/27 production, although a large global surplus in 2025/26 has ensured that short-term supplies remain ample. Ghana’s cocoa production for the 2025/26 season reached about 771,000 metric tons, above the COCOBOD initial estimate of 650,000 tons, according to a report reviewed by Reuters on Wednesday. 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:
Chart Trends: Trends in New York are mixed to up. Support is at 5110, 4990, and 4780 December, with resistance at 5880, 6200, and 6440 December. Trends in London are mixed to up. Support is at 4080, 3790, and 3770 December, with resistance at 4300, 4510, and 4620 December.

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