Softs Report 09/24/2026

COTTON
General Comments: Cotton was lower Tuesday after a rally on Monday based on stressful weather seen recently and on hopes for new demand from China due to the summit this week. Futures closed slightly higher yesterday with the summit now underway. The weather is expected to improve this week with somewhat cooler temperatures and rains, especially in West Texas. USDA this week showed that conditions are now 48% good to excellent. Progress is above average with the crop now 12% harvested and 58% opening bolls. Forecasts and reports of scattered to isolated showers in Cotton areas continue for the Delts, and the Southeast. Temperatures will be warm to hot in all areas.
Overnight News
Chart Trends: Trends in Cotton are mixed. Support is at 80.40, 79.20, and 77.80 December, with resistance of 84.00, 85.30 and 85.60 December

DJ U.S. Export Sales: Weekly Sales Totals-Sep 24
For the week ended Sep 17, in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales. Source: USDA
wk’s net chg total
in commitments commitments undlvd sales
this yr next yr this yr last yr this yr next yr
upland cotton 230.5 123.0 4734.6 4058.9 3517.0 471.6
pima cotton 4.8 0.0 193.1 114.6 146.0 0.0

FCOJ
General Comments: Futures were a little higher on follow through buying Tuesday and sold off yesterday. Prices are now in the middle to u8pper end of the recent trading range. Showers are showing up in Florida and trees are recovering. The weather for the next crop is seasonal. The weather is considered good for production in Mexico and showers are developing in Brazil.
Overnight News:
Chart Trends: Trends in FCOJ are mixed. Support is at 128.00, 125.00, and 122.00 September, with resistance at 159,00 167.00, and 174.00 September.

COFFEE
General Comments: New York and London were both lower again Tuesday as Brail crops are looking better with good weather but were higher yesterday. Trends are down in New York and are now down in London. Brazil coffee is being offered now in increasing quantities as harvest is almost over despite increased rains. The next crop is developing in the rest of South America amid scattered to isolated showers. Indonesia is now about done with its harvest. Asian conditions are called good. Other world production conditions are generally good. Mexico is in good condition, but Central America has been dry
Overnight News: The ICO average price is 248.44 ct/lb.
Chart Trends: Trends in New York are down. Support is at 270.00, 264.00, and 257.00 December, and resistance is at 282.00, 202.00 and 300.00 December. Trends in London are down. Support is at 3200, 3140, and 3080 November, with resistance at 3380, 3610, and 3890 November.

SUGAR
General Comments: Both markets were higher Tuesday and yesterday and New York was testing nearby resistance areas. Trends are turning down on the daily charts in London but are mixed in New York. Drought in Europe and Brail are a major concern but seems to be easing now with the crop mostly made in Europe. The hot and dry weather was causing losses in Sugar beets production. There have been some rains in center-south Brazil causing some harvest delays. Indian production is less after hot and dry conditions and production in the rest of Asia could be hurt by El Nino weather. Higher world petroleum prices are supporting higher ethanol prices and could cause less Sugar to be produced.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 1790, 1750, and 1720 March and resistance is 1930, 1960, and 2020 March. Trends in London are mixed to down. Support is at 476.00, 451.00, and 441.00 December, with resistance at 522.00, 531.00, and 534.00 December.

COCOA
General Comments: New York and London were a little higher yesterday but are forecast to have the first losing month since February this month. Daily and weekly trends are down. 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 but demand has started to increase.
Overnight News:
Chart Trends: Trends in New York are down. Support is at 5130, 4990, and 4780 December, with resistance at 5880, 6200, and 6440 December. Trends in London are mixed to down. Support is at 3730, 3630, and 6150 December, with resistance at 4300, 4510, and 4620 December.

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