Softs Report 05/05/2026

DJ U.S. March Coffee, Cocoa Imports-May 5
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-Mar 2026—- —-Feb 2026—-
-coffee- kilograms pounds kilograms pounds
coffee, unroasted 86,947,392 191,718,999 94,274,333 207,874,904
coffee, roasted 960,230 2,117,307 941,977 2,077,059
coffee, soluble
instant 6,144,405 13,548,413 5,227,809 11,527,319
-Cocoa-
cocoa beans 0 0 0 0
sweetened bars/block
10 lbs or over 1,785,087 3,936,117 1,870,153 4,123,687
for retail candy 20,201 44,543 16,582 36,563
cocoa butter 10,237,247 22,573,130 9,026,564 19,903,574
cocoa paste,
not defatted 11,716,752 25,835,438 11,085,448 24,443,413
cocoa paste
defatted 4,984,331 10,990,450 8,125,746 17,917,270
cocoa powder,
unsweetened 10,828,279 23,876,355 7,317,411 16,134,891
cocoa powder,
sweetened 192,569 424,615 115,685 255,085
confectioners
coating 4,925,569 10,860,880 4,493,493 9,908,152
candy containing
chocolate 18,598,281 41,009,210 17,033,424 37,558,700

COTTON
General Comments: Cotton was lower yesterday on forecasts and reports of better rains in western Cotton areas. Conditions remain dry in major Texas growing areas but scattered showers are still forecast and also forecast for most Delta and Southeast Cotton growing areas. Some improvement in conditions are likely in most parts of the Cotton Belt. Temperatures will be variable but generally warm. The strait of Hormuz remans closed and input costs are higher. Overseas production in places like India and Brazil are expected to be high, but overall world production is expected by USDA to fall on reduced global planted rea and reduced yields. Trends are up on the daily charts.
Overnight News: ICE said that 123 notices were posted for delivery against May futures and that total deliveries for the month are now 512 contracts.
Chart Trends: Trends in Cotton are mixed. Support is at 76.90, 76.00, and 74.80 July, with resistance of 82.40, 83.00 and 83.60 July.

DJ U.S. March Cotton Exports-May 5
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 ——-
Mar 26 Feb 26 Jan 26 Mar 25
Upland, under 1 inch 12,919,527 8,027,218 5,116,058 10,113,347
1 to 1 1/8 inch 111,940,191 68,550,854 54,190,590 115,602,412
Amer pima, over 1 1/8 inc 9,596,892 3,256,451 4,688,574 9,642,559
upland 1 1/8 and over 232,994,740 122,226,154 96,763,740 264,056,940
All cotton 367,451,350 202,060,677 160,758,962 399,415,258
——- In Running 480-Pound Bales ——-
Mar 26 Feb 26 Jan 26 Mar 25
Upland, under 1 inch 59,339 36,869 23,498 46,450
1 to 1 1/8 inch 514,137 314,852 248,895 530,958
upland 1 1/8 and over 44,078 14,957 21,534 44,288
Amer pima, over 1 1/8 inc 1,070,136 561,380 444,432 1,212,804
All cotton 1,687,690 928,057 738,360 1,834,499

FCOJ
General Comments: Futures were a little lower yesterday. The weather for the next crop is dry but seasonal and some rains are starting to appear. Chart trends are down on the daily charts. The weather is considered good for production in Brazil and Mexico. Scattered showers are still reported in Brazil.
Overnight News:
Chart Trends: Trends in FCOJ are mixed. Support is at 173.00, 161.00, and 157.00 July, with resistance at 193,00 200.00, and 206.00 July.

COFFEE
General Comments: New York was a little higher and London was closed. The next crop is developing in South America and Asia. There are still ideas of good supplies available on the farm, but getting Coffee from the farm to the market is another problem due to the war with Iran. Brazil said exports might not improve that much in March due to shipping costs and concerns. There are reports of very good conditions in Brazil and a large crop is forecast. World production conditions are generally good. Scattered showers are being reported now in Brazil. Mexico is in good condition, as Central America. Vietnam has had drier weather and conditions there are called good.
Overnight News: The ICO average price is 26.58 ct/lb. ICE NY said that 22 notices were posted for delivery against May futures and that total deliveries for the month are now 857 contracts.
Chart Trends: Trends in New York are mixed. Support is at 283.00, 280.00, and 278.00 July, and resistance is at 306.00, 312.00 and 318.00 July. Trends in London are mixed. Support is at 3250, 3180, and 3120 July, with resistance at 3570, 3610, and 3650 July.

SUGAR
General Comments: New York was higher was closed as the Iran war drags on and the strait of Hormuz remains closed. President Trump said he expects the strait to remain closed for an extended period. The war has increased world petroleum prices and could divert demand from Sugar production to production of ethanol. Trends are up on the daily charts in both markets. 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 but a rise in production in India and Thailand being offset by the war
Overnight News:
Chart Trends: Trends in New York are up. Support is at 1310, 1260, and 1200 July and resistance is 1540, 1570, and 1630 July. Trends in London are mixed to up. Support is at 404.00, 398.00, and 392.00 August, with resistance at 463.00, 468.00, and 474.00 August.

COCOA
General Comments: New York was higher and London was closed yesterday. Short term trends are still mixed in both markets. 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: ICE NY said that 10 notices were posted for delivery against May futures and that total deliveries for the month are now 575 contracts
Chart Trends: Trends in New York are mixed. Support is at 3200, 3060, and 2840 July, with resistance at 3700, 4060, and 4220 July. Trends in London are mixed. Support is at 2410, 2330, and 2170 July, with resistance at 2670, 2810, and 3000 July.

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