Softs Report 01/29/2026

COTTON
General Comments: Cotton wa a littles higher yesterday after moving sharply lower the day before. Trends started to turn down on the daily reports. There are demand concerns moving forward on weak world economy ideas led by the US weakened economy and demands in world forums. \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. Support is at 62.40, 61.80, and 61.20 March, with resistance of 64.20, 64.90 and 65.20 March.

FCOJ
General Comments: Futures higher yesterday as the Florida harvest is active end the weather remain benign. Weather for the next crop is dry but not too cold. 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 this weekend. 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 184.00, 174.00, and 168.00 March, with resistance at 226.00, 230.00, and 240.00 March.

COFFEE
General Comments: New York and London closed sharply lower yesterday, and trends turned up in New York and remain up in London. There are still ideas and reports of increasing harvest sales from Vietnam as the new harvest epands. 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 new crop Coffee.
Overnight News: The ICO average price is 294.47 ct/lb.
Chart Trends: Trends in New York are mixed to up. Support is at 350.00, 345.00, and 339.00 March, and resistance is at 372.00, 383.00 and 390.00 March. Trends in London are mixed to up. Support is at 3980, 3920, and 3860 March, with resistance at 4370, 4440, and 4520 .

SUGAR
General Comments: New York and London were 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 especially for Whitwe Sugar 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 down. Support is at 404.00, 398.00, and 392.00 March, with resistance at 427.00, 432.00, 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. Mostly dry conditions in Ivory Coast’s cocoa-growing regions are reported now. 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 4060, 3840, and 3720 March, with resistance at 4490, 4970, and 5180 March. Trends in London are mixed to down. Support is at 2840, 2780, and 2720 March, with resistance at 3660, 3780, and 4030 March.

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