<p><strong>棉花</strong></p>
<p>综合评论：上周棉花在假期相关的区间交易中略有下跌。期货价格全年略有下降。由于价格原因，农民并没有出售太多棉花，但买家却很难找到。缺乏新的中国需求是一个重要因素，也是美国价格下跌的原因。当前需求的不足似乎是价格的一个组成部分，但并不是近期反弹的理由。</p>
<p>图表趋势：棉花的趋势混合。支撑位在 62.00、60.80 和 59.60（3 月），阻力位在 64.90、65.40 和 65.90（3 月）。</p>
<p><img 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" alt="" original-src="https://imageproxy.pbkrs.com/https://talkmarkets.com/user_content/ckimages/orig_depositphotos_315454114_s.webp"/></p>
<p><em>DepositPhotos</em></p>
<p><strong>浓缩橙汁</strong></p>
<p>综合评论：上周期货价格上涨，但全年仍然下跌。由于佛罗里达州遭遇寒冷天气，价格有所反弹，提醒大家现在是哪个季节。虽然没有冻害的预报，但州北部地区非常寒冷。佛罗里达州也很干燥，需要灌溉。尽管整体价格较低，交易员仍然担心需求。天气被认为对这里以及巴西和墨西哥的生产有利。巴西报告有零星降雨，但降雨量和覆盖范围低于正常水平。</p>
<p>隔夜新闻：ICE 表示，1 月期货交割的通知为 0，总交割量现在为 0 合约。</p>
<p>图表趋势：浓缩橙汁的趋势混合。支撑位在 190.00、184.00 和 165.00（3 月），阻力位在 212.00、223.00 和 230.00（3 月）。</p>
<p><strong>咖啡</strong></p>
<p>综合评论：上周纽约价格下跌，而伦敦价格上涨，纽约的日线图趋势混合，伦敦的日常报告也呈现混合趋势。图表显示即将出现上涨。关于越南的收成销售增加的想法和报告仍在继续。巴西的种植条件非常好，导致最近一些农场出售，但大多数人仍在等待更好的价格。现在巴西报告有零星降雨，有助于改善树木状况。墨西哥和中美洲的状况良好。越南最近也有零星降雨，条件被认为良好。越南生产者在出售，但数量较少。</p>
<p>隔夜新闻：ICO 平均价格为 297.71 美分/磅。</p>
<p>图表趋势：纽约的趋势混合。支撑位在 339.00、334.00 和 330.00（3 月），阻力位在 359.00、365.00 和 371.00（3 月）。伦敦的趋势混合向上。支撑位在 3880、3730 和 3670（3 月），阻力位在 4100、4190 和 4270。</p>
<p><strong>糖</strong></p>
<p>综合评论：上周纽约和伦敦价格下跌。纽约的交易在 1500 到 1600（3 月）之间剧烈波动，而伦敦在周线图中保持交易区间。全球甘蔗和甜菜的良好生长条件仍然为市场提供良好供应的想法。预计 2025/26 季将出现大规模全球过剩，印度和泰国的生产增加将提升供应，而全球消费预计将保持稳定。</p>
<p>图表趋势：纽约的趋势混合。支撑位在 1450、1440 和 1410（3 月），阻力位在 1510、1540 和 1560（3 月）。伦敦的趋势混合。支撑位在 415.00、410.00 和 404.00（3 月），阻力位在 431.00、437.00 和 445.00（3 月）。</p>
<p><strong>可可</strong></p>
<p>综合评论：上周纽约和伦敦几乎持平。短期趋势混合。预计西非将迎来大规模主产季的收成，最近的降雨对作物有利。上周象牙海岸的可可种植区出现轻微降雨与高温的混合，预示着主产季的良好前景。还有报告显示，西非以外的其他国家（包括亚洲和中美洲）生产潜力增加。市场感觉需求减少，预计这种需求不足将持续。</p>
<p>图表趋势：纽约的趋势混合。支撑位在 5760、5270 和 5200（3 月），阻力位在 6340、6480 和 6710（3 月）。伦敦的趋势混合。支撑位在 4150、3830 和 3650（3 月），阻力位在 4530、4620 和 4860（3 月）。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>谷物报告 - 1 月 2 日，星期五</p>
<p>软商品报告 - 12 月 31 日，星期三</p>
<p>谷物报告 - 12 月 30 日，星期二</p>

<p>1 月 5 日的软商品报告突显了各种商品的混合趋势。由于需求低迷，尤其是来自中国的需求，棉花价格下跌。尽管天气条件良好，但 FCOJ 期货上周上涨，年内仍处于低位，市场对需求的担忧依然存在。咖啡的趋势则呈现混合状态，巴西和越南的良好条件影响了销售。糖价波动，受到全球供应充足和潜在过剩的影响。可可的趋势同样混合，西非主要作物的前景乐观，但需求问题仍在持续</p>

<p><strong>COTTON</strong></p>
<div class="lb-trans"><p><strong>棉花</strong></p>
</div><p>General Comments: Cotton was a little lower in holiday related range trading last week. Futures were a little lower for the year. Farmers are not selling too much due to price, but buyers are hard to find. A lack of new Chinese demand has been important and a reason to see lower US prices. The lack of demand seems to be part of the price for now but the demand is not a reason to see a rally anytime soon.</p>
<div class="lb-trans"><p>综合评论：上周棉花在假期相关的区间交易中略有下跌。期货价格全年略有下降。由于价格原因，农民并没有出售太多棉花，但买家却很难找到。缺乏新的中国需求是一个重要因素，也是美国价格下跌的原因。当前需求的不足似乎是价格的一个组成部分，但并不是近期反弹的理由。</p>
</div><p>Chart Trends: Trends in Cotton are mixed. Support is at 62.00, 60.80, and 59.60 March, with resistance of 64.90, 65.40 and 65.90 March.</p>
<div class="lb-trans"><p>图表趋势：棉花的趋势混合。支撑位在 62.00、60.80 和 59.60（3 月），阻力位在 64.90、65.40 和 65.90（3 月）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://talkmarkets.com/user_content/ckimages/orig_depositphotos_315454114_s.webp" alt="" original-src="https://talkmarkets.com/user_content/ckimages/orig_depositphotos_315454114_s.webp"/></p>
<p><em>DepositPhotos</em></p>
<div class="lb-trans"><p><em>DepositPhotos</em></p>
</div><p><strong>FCOJ</strong></p>
<div class="lb-trans"><p><strong>浓缩橙汁</strong></p>
</div><p>General Comments: Futures were higher last week but lower for the year. Prices have rallied after cold weather hit the state of Florida and reminded everyone what time of the year it was. There is no freeze in the forecast, but areas north of the state have been very cold. 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 here and in Brazil and Mexico. Scattered showers are reported in Brazil, but the amounts and coverage has been less than normal.</p>
<div class="lb-trans"><p>综合评论：上周期货价格上涨，但全年仍然下跌。由于佛罗里达州遭遇寒冷天气，价格有所反弹，提醒大家现在是哪个季节。虽然没有冻害的预报，但州北部地区非常寒冷。佛罗里达州也很干燥，需要灌溉。尽管整体价格较低，交易员仍然担心需求。天气被认为对这里以及巴西和墨西哥的生产有利。巴西报告有零星降雨，但降雨量和覆盖范围低于正常水平。</p>
</div><p>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.</p>
<div class="lb-trans"><p>隔夜新闻：ICE 表示，1 月期货交割的通知为 0，总交割量现在为 0 合约。</p>
</div><p>Chart Trends: Trends in FCOJ are mixed. Support is at 190.00, 184.00, and 165.00 March, with resistance at 212.00, 223.00, and 230.00 March.</p>
<div class="lb-trans"><p>图表趋势：浓缩橙汁的趋势混合。支撑位在 190.00、184.00 和 165.00（3 月），阻力位在 212.00、223.00 和 230.00（3 月）。</p>
</div><p><strong>COFFEE</strong></p>
<div class="lb-trans"><p><strong>咖啡</strong></p>
</div><p>General Comments: New York was lower and London was higher last week, and trends are mixed in New York on the daily charts and are now mixed on the daily report in London. The charts do suggest that a move higher is coming. There are still ideas and reports of increasing harvest sales from Vietnam. There are reports of very good conditions in Brazil that has caused some farm selling in recent days, but most 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 but only in small amounts.</p>
<div class="lb-trans"><p>综合评论：上周纽约价格下跌，而伦敦价格上涨，纽约的日线图趋势混合，伦敦的日常报告也呈现混合趋势。图表显示即将出现上涨。关于越南的收成销售增加的想法和报告仍在继续。巴西的种植条件非常好，导致最近一些农场出售，但大多数人仍在等待更好的价格。现在巴西报告有零星降雨，有助于改善树木状况。墨西哥和中美洲的状况良好。越南最近也有零星降雨，条件被认为良好。越南生产者在出售，但数量较少。</p>
</div><p>Overnight News: The ICO average price is 297.71 ct/lb.</p>
<div class="lb-trans"><p>隔夜新闻：ICO 平均价格为 297.71 美分/磅。</p>
</div><p>Chart Trends: Trends in New York are mixed. Support is at 339.00, 334.00, and 330.00 March, and resistance is at 359.00, 365.00 and 371.00 March. Trends in London are mixed to up. Support is at 3880, 3730, and 3670 March, with resistance at 4100, 4190, and 4270 .</p>
<div class="lb-trans"><p>图表趋势：纽约的趋势混合。支撑位在 339.00、334.00 和 330.00（3 月），阻力位在 359.00、365.00 和 371.00（3 月）。伦敦的趋势混合向上。支撑位在 3880、3730 和 3670（3 月），阻力位在 4100、4190 和 4270。</p>
</div><p><strong>SUGAR</strong></p>
<div class="lb-trans"><p><strong>糖</strong></p>
</div><p>General Comments: New York and London were lower last week. New York continues to trade violently between 1500 and 1600 March and London has maintained trading range in the weekly charts. There are still ideas of 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.</p>
<div class="lb-trans"><p>综合评论：上周纽约和伦敦价格下跌。纽约的交易在 1500 到 1600（3 月）之间剧烈波动，而伦敦在周线图中保持交易区间。全球甘蔗和甜菜的良好生长条件仍然为市场提供良好供应的想法。预计 2025/26 季将出现大规模全球过剩，印度和泰国的生产增加将提升供应，而全球消费预计将保持稳定。</p>
</div><p>Chart Trends: Trends in New York are mixed. Support is at 1450, 1440, and 1410 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.</p>
<div class="lb-trans"><p>图表趋势：纽约的趋势混合。支撑位在 1450、1440 和 1410（3 月），阻力位在 1510、1540 和 1560（3 月）。伦敦的趋势混合。支撑位在 415.00、410.00 和 404.00（3 月），阻力位在 431.00、437.00 和 445.00（3 月）。</p>
</div><p><strong>COCOA</strong></p>
<div class="lb-trans"><p><strong>可可</strong></p>
</div><p>General Comments: New York and London closed almost unchanged last week. Short term trends are mixed. 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.</p>
<div class="lb-trans"><p>综合评论：上周纽约和伦敦几乎持平。短期趋势混合。预计西非将迎来大规模主产季的收成，最近的降雨对作物有利。上周象牙海岸的可可种植区出现轻微降雨与高温的混合，预示着主产季的良好前景。还有报告显示，西非以外的其他国家（包括亚洲和中美洲）生产潜力增加。市场感觉需求减少，预计这种需求不足将持续。</p>
</div><p>Chart Trends: Trends in New York are mixed. Support is at 5760, 5270, and 5200 March, with resistance at 6340, 6480, and 6710 March. Trends in London are mixed. Support is at 4150, 3830, and 3650 March, with resistance at 4530, 4620, and 4860 March.</p>
<div class="lb-trans"><p>图表趋势：纽约的趋势混合。支撑位在 5760、5270 和 5200（3 月），阻力位在 6340、6480 和 6710（3 月）。伦敦的趋势混合。支撑位在 4150、3830 和 3650（3 月），阻力位在 4530、4620 和 4860（3 月）。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Grains Report - Friday, Jan. 2</p>
<div class="lb-trans"><p>谷物报告 - 1 月 2 日，星期五</p>
</div><p>Softs Report - Wednesday, Dec. 31</p>
<div class="lb-trans"><p>软商品报告 - 12 月 31 日，星期三</p>
</div><p>Grains Report - Tuesday, Dec. 30</p>
<div class="lb-trans"><p>谷物报告 - 12 月 30 日，星期二</p>
</div>

软商品报告 - 周一，1 月 5 日