Softs Report - Wednesday, Jan. 21
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.