Softs Report 05/27/2026

COTTON
General Comments: Cotton was mostly a little higher yesterday. USDA showed that planting progress and emergence were running ahead of normal last week and the weather has improved with increased precipitation for sll sreas, but mostly the Delta and Southeast. Forecasts and reports of just isolated to scattered showers in Cotton areas continue for Texas. Temperatures will be variable. Trends are mixed to down on the daily and weekly charts.
Overnight News:
Chart Trends: Trends in Cotton are mixed to down. Support is at 76.90, 74.80, and 74.00 July, with resistance of 80.00, 81.70 and 83.90 July.

FCOJ
General Comments: Futures were higher yesterday and trends are still mixed on the weekly charts but could be turning up on the daily charts. It is still dry in Florida. The weather for the next crop is dry but seasonal and some rains are now being reported. The weather is considered good for production Mexico but it is dry in Brazil. Scattered showers are still reported in eastern Brazil but many areas are dring out seasonally.
Overnight News:
Chart Trends: Trends in FCOJ are mixed to up. Support is at 161.00, 154.00, and 148.00 July, with resistance at 180,00 186.00, and 198.00 July

COFFEE
General Comments: New York and London were higher yesterday with London the stronger market. The next crop is developing in South America and Asia amid good conditions. There are still ideas of good supplies available. World production conditions are generally good. Mostly dry conditions 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. Some showers are starting to appear there. CONAB said last week that Brazil production is now estimated at 66.7 million bags, up 18% from the previous crop. Arabica production could be 34.8 million bags and Robusta production is estimated at 20.9 million bags.
Overnight News: The ICO average price is 253.54 ct/lb.
Chart Trends: Trends in New York are down. Support is at 265.00, 260.00, and 254.00 July, and resistance is at 286.00, 397.00 and 306.00 July. Trends in London are mixed. Support is at 3250, 3180, and 3120 July, with resistance at 3610, 3650, and 3680 July.

SUGAR
General Comments: New York and London were lower along with weakness in petroleum futures. The Iran war drags on and the strait of Hormuz remains closed. The war has increased world petroleum prices and could divert demand from Sugar production to production of ethanol. Trends are mixed 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. Drier weather in parts of Brazil and India have been good for the harvest.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 1440, 1400, and 1370 July and resistance is 1550, 1570, and 1600 July. Trends in London are mixed. Support is at 433.00, 404.00, and 398.00 August, with resistance at 457.00, 468.00, and 474.00 August.

COCOA
General Comments: Both markets were higher yesterday. Daily trends are mixed to up 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.
Overnight News:
Chart Trends: Trends in New York are mixed to up. Support is at 3830, 3650, and 3490 July, with resistance at 4460, 4780, and 5130 July. Trends in London are mixed to up. Support is at 2750, 2710, and 2500 July, with resistance at 3350, 3550, and 3690 July.

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