Softs Report 02/18/2026

COTTON
General Comments: Cotton was lower yesterday in range trading and trends are mixed. The weekly export sales report released last week was positive for prices. However, there are still demand concerns moving forward on weak world economy ideas led by the US weakened economy and demands in world forums. Tariffs on other nations that change all the time were creating an atmosphere not conducive for new demand for US products. The US Dollar was stronger.
Chart Trends: Trends in Cotton are mixed. Support is at 60.60, 60.00, and 59.40 March, with resistance of 62.60, 63.10 and 63.70 March.

FCOJ
General Comments: Futures were higher yesterday as the Florida harvest is active but starting to wrap up and the weather remains benign for harvest progress as conditions are mostly dry. Weather for the next crop was very cold in January and into early February and some damage to trees and fruit was expected. The frozen fruit is often harvested and sent to processors for juice and this fact helped to turn trends down on the weekly charts last week. Chart trends are mixed or up on the daily charts. 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 to up. Support is at 186.00, 163.00, and 151.00 March, with resistance at 211.00, 220.00, and 228.00 Marzo.

COFFEE
General Comments: Both markets closed sharply lower yesterday as good weather for growing and harvesting continues to be seen in Brazil and Vietnam. Production ideas are high in both countries. The trends are mixed in New York and mixed in London on the daily charts. There are still reports of harvest sales from Vietnam as the new harvest is active. There are reports of very good conditions in Brazil and a large crop is forecast. 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 261.96 ct/lb.
Chart Trends: Trends in New York are down. Support is at 282.00, 276.00, and 270.00 March, and resistance is at 308.00, 315.00 and 331.00 March. Trends in London are down. Support is at 3630, 3560, and 3500 March, with resistance at 3830, 4010, and 4100.

SUGAR
General Comments: New York closed mixed o mostly a little lower and London was lower yesterday and trends are down on the daily. There are good supplies for the market from good growing conditions for cane and beets around the world. 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 White Sugar while global consumption is expected to remain steady.
Overnight
Chart Trends: Trends in New York are down. Support is at 1340, 1310, and 1280 May and resistance is at 1400, 1420, and 1450 May. Trends in London are down. Support is at 394.00, 391.00, and 388.00 May, with resistance at 410.00, 416.00, and 422.00 May.

COCOA
General Comments: New York and London closed lower on speculative selling yesterday. Short term trends are down in both markets and Ghana announced it was cutting the farmgate price paid to farmers in an effort to increase sales. 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. Weak demand has led to a build-up on unsold supplies in both Ivory Coast and Ghana, while the prospect of another global surplus in 2026/27 are real. Cocoa demand has fallen sharply after prices nearly tripled in 2024, prompting chocolate makers to reformulate ingredients and shrink the size of their bars.
Overnight News:
Chart Trends: Trends in New York are down. Support is at 3360, 3240, and 3120 March, with resistance at 3930, 4210, and 4400 March. Trends in London are down. Support is at 2420, 2360, and 2300 March, with resistance at 2730, 2970, and 3150 March.

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