COTTON
General Comments: Cotton was lower yesterday along with many other commodities. Trends started to turn down on the daily and weekly charts. There are demand concerns moving forward on weak world economy ideas led by the US weakened economy and demands in world forums. Tariffs on other nations that change all the time were creating an atmosphere not conducive for new demand. The USDA reports released a couple of weeks ago showed less production and unchanged demand. Ending stocks were less.
Chart Trends: Trends in Cotton are mixed to down. Support is at 62.20, 61.80, and 61.20 March, with resistance of 64.20, 64.90 and 65.20 March.

FCOJ
General Comments: Futures lower yesterday as the Florida harvest is active and the weather remains benign as conditions are mostly dry. Weather for the next crop was very cold over the weekend and some damage to trees and fruit is possible. Chart trends are down. The cold and dry Winter weather Hs created ideas of some crop losses. 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.
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.

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COFFEE
General Comments: New York closed mixed and London closed lower yesterday, and trends turned down in New York and remain mixed in London on the weekly charts. There are still reports of increasing harvest sales from Vietnam as the new harvest is active. There are reports of very good conditions in Brazil and a large crop is forecast. Most farmers are holding for better prices, but seem to have lost that battle for now . 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 new crop Coffee.
Overnight News: The ICO average price is 294.32 ct/lb.
Chart Trends: Trends in New York are mixed to down. Support is at 327.00, 324.00, and 321.00 March, and resistance is at 342.00, 348.00 and 359.00 March. Trends in London are mixed to up. Support is at 3980, 3920, and 3860 March, with resistance at 4370, 4440, and 4520 .

SUGAR
General Comments: New York and London were lower yeasterday and trends are down on the daily and weekly charts. 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 especially for White Sugar while global consumption is expected to remain steady. Indian crops are seeing good finishing weather and production ideas have been increasing.
Overnight
Chart Trends: Trends in New York are down. Support is at 1410, 1380, and 1350 March and resistance is at 1510, 1540, and 1560 March. Trends in London are down. Support is at 398.00, 392.00, and 386.00 March, with resistance at 427.00, 432.00, and 437.00 March3

COCOA
General Comments: New York and London closed higher again yesterday. Short term trends are still mixed to down. A big main crop harvest is anticipated in West Africa and rains have been positive for crops lately. Mostly dry conditions in Ivory Coast’s cocoa-growing regions are reported now. 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. Weak demand has led to a build-up on unsold supplies in both Ivory Coast and Ghana, while the prospect of another global surplus in 2026/27 are real. Cocoa demand has fallen sharply after prices nearly tripled in 2024, prompting chocolate makers to reformulate ingredients and shrink the size of their bars.
Chart Trends: Trends in New York are down. Support is at 3840, 3720, and 3600 March, with resistance at 4490, 4970, and 5180 March. Trends in London are mixed to down. Support is at 2720, 2660, and 2600 March, with resistance at 3660, 3780, and 4030 March.

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