Softs Report 10/01/2026

COTTON
General Comments: Cotton was a little higher yesterday in consolidation trading with improved weather forecast through the weekend. The weather is expected to feature 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 15% harvested and 67% opening bolls. Forecasts and reports of 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 77.80, 77.20, and 75.50 December, with resistance of 82.40, 84.00 and 85.30 December

DJ U.S. Export Sales: Weekly Sales Totals-Oct 1
For the week ended Sep 24, 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 202.6 39.2 4937.1 4214.3 3570.1 510.7
pima cotton -2.1 0.0 191.1 115.7 134.6 0.0

FCOJ
General Comments: Futures were higher again yesterday. Prices are in the upper end of the recent trading range and trends are starting xto turn up. 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 as the rainy season is starting on time.
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 as Brail crops are looking better with good weather and with improving raons. Trends are up 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 261.60 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 300.00, 309.00 and 317.00 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 lower. Trends are mixed on the daily charts in London and in New York. Drought in Brazil was a major concern but rains have returned to center-south regions. 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
Overnight News:
General Comments: New York and London were both lower again yesterday. 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 3790, 3770, and 3730 December, with resistance at 4300, 4510, and 4620 December.

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