Softs Report 02/19/2026

DJ U.S. December Coffee, Cocoa Imports-Feb 19
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—Dec 2025—- —-Nov 2025—-
-coffee- kilograms pounds kilograms pounds
coffee, unroasted 78,055,786 172,113,008 60,194,827 132,729,594
coffee, roasted 2,794,631 6,162,161 2,765,409 6,097,727
coffee, soluble
instant 5,824,596 12,843,234 5,126,624 11,304,206
-Cocoa-
cocoa beans 19,309,801 42,578,111 13,179,111 29,059,940
sweetened bars/block
10 lbs or over 1,841,952 4,061,504 1,676,866 3,697,490
for retail candy 6,239 13,757 0 0
cocoa butter 7,365,875 16,241,754 5,409,141 11,927,156
cocoa paste,
not defatted 5,055,006 11,146,288 4,318,542 9,522,385
cocoa paste
defatted 4,330,564 9,548,894 4,481,675 9,882,093
cocoa powder,
unsweetened 10,750,597 23,705,066 9,429,032 20,791,016
cocoa powder,
sweetened 185,407 408,822 757,753 1,670,845
confectioners
coating 4,902,345 10,809,671 4,596,859 10,136,074
candy containing
chocolate 16,156,871 35,625,901 18,141,283 40,001,529

COTTON
General Comments: Cotton was a little higher yesterday in range trading and trends are still mixed. 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. Overseas production in places like India and Brazil are expected to be high. The US Dollar was stronger. The USDA Outlook Forum showed that planted area for Cotton is estimated at 9.4 million acres with total production estimated at 13.6 million bales.
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.

DJ U.S. December Cotton Exports-Feb 19
In kilograms and in running 480-pound bales. Source. U.S. Department
Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Dec 25 Nov 25 Oct 25 Dec 24
Upland, under 1 inch 5,116,058 7,322,595 2,593,683 4,340,091
1 to 1 1/8 inch 54,190,590 30,506,708 48,925,683 61,131,755
Amer pima, over 1 1/8 inc 4,688,574 2,392,055 4,648,461 5,540,804
upland 1 1/8 and over 96,763,740 77,264,846 114,017,858 112,609,945
All cotton 160,758,962 117,486,204 170,185,685 183,622,595
——- In Running 480-Pound Bales ——-
Dec 25 Nov 25 Oct 25 Dec 24
Upland, under 1 inch 23,498 33,632 11,913 19,934
1 to 1 1/8 inch 248,895 140,116 224,714 280,776
upland 1 1/8 and over 21,534 10,987 21,350 25,449
Amer pima, over 1 1/8 inc 444,432 354,875 523,680 517,213
All cotton 738,360 539,610 781,656 843,372

FCOJ
General Comments: Futures were h mostly a little 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. March was lower in liquidation trading before First Notice Day at the beginning of next month. 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 higher yesterday in recovery trading after the big losses seen on Tuesday 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 263.86 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 and London were higher yesterday and trends still are down on the daily charts. 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 1420, 1450, and 1470 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 follow through 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 3000, 2880, and 2740 March, with resistance at 3930, 4210, and 4400 March. Trends in London are down. Support is at 2180, 2120, and 2960 March, with resistance at 2730, 2970, and 3150 March.

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