Jack Scoville
Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322
Softs Report 09/29/2026
COTTON
General Comments: Cotton was little changed yesterday on stressful weather seen recently and disappointment for new demand from China due to the summit now completed. The weather is expected to feature somewhat cooler temperatures and rains, especially in West Texas. USDA last week showed that conditions are now 48% good to excellent. Progress is above average with the crop now 15% harvested and 67% opening bolls. Forecasts and reports of scattered to isolated showers in Cotton areas continue for the Delts, and the Southeast. Temperatures will be warm but not hot in all areas.
Overnight News ICE said that 0 notices were posted for delivery against October futures and that total deliveries for the month are now 14 contracts.
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
FCOJ
General Comments: Futures were a little lower again yesterday. Prices are still in the middle to upper 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 140.00, 137.00, and 135.00 September, with resistance at 156,00 159.00, and 167.00 September.
COFFEE
General Comments: New York and London were both higher yesterday even as Brail crops are looking better with good weather. Trends are mixed in New York and in London. Brazil coffee is being offered now in increasing quantities as harvest is almost over despite increased rains. Conditions are called good for next crop development and the wet season is starting on time. 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 253.05 ct/lb.
Chart Trends: Trends in New York are mixed. Support is at 270.00, 264.00, and 257.00 December, and resistance is at 292.00, 300.00 and 309.00 December. Trends in London are mixed to up. Support is at 3200, 3140, and 3080 November, with resistance at 3610, 3890, and 3920 November.
SUGAR
General Comments: London and New York were higher in consolidation trading. Trends are mixed on the daily charts in London and are mixed to up in New York. Drought in Brazil are a major concern. The hot and dry weather was causing losses in Sugar beets production. Refines in the region are producing ethanol at the expense of Sugar.. 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 to up. Support is at 1790, 1750, and 1720 March and resistance is 1930, 1960, and 2020 March. Trends in London are mixed. Support is at 476.00, 451.00, and 441.00 December, with resistance at 522.00, 531.00, and 534.00 December.
COCOA
Questions? Ask Jack Scoville today at 312-264-4322Overnight News:
General Comments: New York was a little higher and London was a little lower yesterday om weather concerns. Daily and weekly trends are down. A big main crop harvest has arrived in West Africa but it has now turned dry for the next crop. Dry conditions in Ivory Coast have created concerns about the prospects for 2026/27 production, although a large global surplus in 2025/26 has ensured that short-term supplies remain ample. 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.
Chart Trends: Trends in New York are mixed to up. Support is at 5110, 4990, and 4780 December, with resistance at 5880, 6200, and 6440 December. Trends in London are mixed to up. Support is at 4080, 3790, and 3770 December, with resistance at 4300, 4510, and 4620 December.