<div id="readability-page-1"><div id="blog-content">COTTONGeneral Comments: Cotton was a little lower yesterday in range trading and after opening higher. World leaders are in Davos for the economic forum and the market is waiting for results from the meetings as well as new comments from President Trump about his proposals to take over Greenland against everyone else wishes. The weekly sales total was over 400,000 bales and much higher than what has been reported for the last couple of years. The USDA reports released on Monday showed less production and unchanged demand. Ending stocks were less.Chart Trends: Trends in Cotton are mixed. Support is at 63.70, 63.00, and 62.40 March, with resistance of 65.90, 66.40 and 67.20 March.<img height="318" src="https://imageproxy.pbkrs.com/https://talkmarkets.com/user_content/ckimages/orig_depositphotos_315454114_s.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="450" original-src="https://imageproxy.pbkrs.com/https://talkmarkets.com/user_content/ckimages/orig_depositphotos_315454114_s.webp"/>DepositPhotos FCOJGeneral Comments: Futures were sharply lower yesterday as the Florida harvest is active end the weather remain benign. Chart trends are mixed. There is no freeze in the forecast, but areas north of the state have been very cold and more cold weather is possible later this week. Florida has also been dry and irrigation is needed. Traders are worried about demand even with overall lower prices. The weather is considered good for production in Brazil and Mexico. Scattered showers are reported in Brazil.Overnight News: ICE said that 0 notices were posted for delivery against January futures and that total deliveries for the month are now 0 contracts.Chart Trends: Trends in FCOJ are mixed. Support is at 184.00, 174.00, and 168.00 March, with resistance at 226.00, 230.00, and 240.00 March. COFFEEGeneral Comments: New York and London closed lower yesterday, and trends are mixed in both markets. President Trump raised the threat of new tariffs on the EU in response to his need to own Greenland against EU amd Greenlandic wishes. There are still ideas and reports of increasing harvest sales from Vietnam. There are reports of very good conditions in Brazil. Most farmers are holding for better prices. Scattered showers are being reported now to improve tree condition in Brazil. Mexico is in good condition, as is Central America. Vietnam has scattered showers lately and conditions there are called good. Vietnamese producers are selling.Overnight News: The ICO average price is 290.22 ct/lb.Chart Trends: Trends in New York are mixed. Support is at 345.00, 339.00, and 335.00 March, and resistance is at 363.00, 372.00 and 383.00 March. Trends in London are mixed to up. Support is at 3860, 3730, and 3670 March, with resistance at 4070, 4100, and 4190 . SUGARGeneral Comments: New York and London were lower yesterday. World leaders are in Davos for the economic forum and the market is waiting for results from the meetings as well as new comments from President Trump about his proposals to take over Greenland against everyone else wishes. There are good supplies for the market from good growing conditions for cane and beets around the world continue. The prospect of a big global surplus in the 2025/26 season was keeping the market on the defensive with a rise in production in India and Thailand set to increase supplies while global consumption is expected to remain steady.Chart Trends: Trends in New York are mixed. Support is at 1440, 1410, and 1380 March and resistance is at 1510, 1540, and 1560 March. Trends in London are mixed. Support is at 415.00, 410.00, and 404.00 March, with resistance at 431.00, 437.00, and 445.00 March. COCOAGeneral Comments: New York and London closed lower again yesterday. Short term trends are down. World leaders are in Davos for the economic forum and the market is waiting for results from the meetings as well as new comments from President Trump about his proposals to take over Greenland against everyone else wishes. A big main crop harvest is anticipated in West Africa and rains have been positive for crops lately. Light rains mixed with heat in Ivory Coast’s cocoa-growing regions last week signaled a positive outlook for the main 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 and the lack of demand is expected to continue.Chart Trends: Trends in New York are down. Support is at 4810, 4750, and 4690 March, with resistance at 5300, 5560, and 5790 March. Trends in London are down. Support is at 3280, 3160, and 3040 March, with resistance at 3660, 3780, and 4030 March.<hr/>More By This Author:Grains Report - Tuesday, Jan. 20 Softs Report - Thursday, Jan. 15 Grains Report - Tuesday, Jan. 13</div></div>

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The Softs Report for January 21 highlights mixed trends in cotton, FCOJ, coffee, sugar, and cocoa markets. Cotton saw a slight decline despite higher weekly sales, while FCOJ futures dropped amid active harvesting in Florida. Coffee markets closed lower, influenced by potential new tariffs from President Trump. Sugar prices are pressured by good global supplies and anticipated surpluses. Cocoa trends are down, with positive crop conditions in West Africa but ongoing demand concerns. Overall, the market is closely watching developments from the economic forum in Davos and U.S. political statements.

Softs Report - Wednesday, Jan. 21