<p><strong>棉花</strong></p>
<p>综合评论：棉花昨日上涨，前一天则大幅下跌。日常报告显示趋势开始转向下行。由于美国经济疲软以及全球论坛上的需求担忧，未来的需求前景令人担忧。世界领导人在达沃斯召开经济论坛，市场在等待会议结果以及特朗普总统关于他提议接管格林兰的评论，尽管这一提议遭到普遍反对。特朗普已经收回了这些评论，目前危机有所缓解。几周前发布的美国农业部报告显示，产量减少而需求保持不变。期末库存减少。</p>
<p>图表趋势：棉花的趋势混合。支撑位在 62.40、61.80 和 61.20（3 月），阻力位在 64.20、64.90 和 65.20（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：期货在 3 月几乎没有变化，投机者在本月初的首次通知日前平仓，但昨日上涨，因为佛罗里达州的收获活跃，天气保持良好。图表趋势混合。没有冻害预报，但州北部地区非常寒冷，本周末可能会有更多寒冷天气。佛罗里达州也很干燥，需要灌溉。尽管整体价格较低，交易者仍对需求感到担忧。天气被认为对巴西和墨西哥的生产有利。巴西报告有零星降雨。</p>
<p>图表趋势：浓缩橙汁的趋势混合。支撑位在 184.00、174.00 和 168.00（3 月），阻力位在 226.00、230.00 和 240.00（3 月）。</p>
<p><strong>咖啡</strong></p>
<p>综合评论：纽约和伦敦昨日收盘上涨，纽约的趋势转向上行，伦敦保持上行。关于越南新收成的销售增加的想法和报告仍在继续。巴西的种植条件非常好。大多数农民在等待更好的价格。现在巴西报告有零星降雨，有助于改善树木状况。墨西哥和中美洲的情况良好。越南最近也有零星降雨，情况被称为良好。越南生产商正在销售新作咖啡。</p>
<p>隔夜新闻：国际咖啡组织（ICO）平均价格为 294.32 美分/磅。</p>
<p>图表趋势：纽约的趋势向上。支撑位在 350.00、345.00 和 339.00（3 月），阻力位在 372.00、383.00 和 390.00（3 月）。伦敦的趋势向上。支撑位在 4070、3980 和 3920（3 月），阻力位在 4370、4440 和 4520。</p>
<p><strong>糖</strong></p>
<p>综合评论：纽约昨日收盘上涨，伦敦则下跌。由于全球甘蔗和甜菜的良好生长条件，市场供应充足。预计 2025/26 年度将出现大规模全球过剩，印度和泰国的产量增加将特别增加白糖的供应，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 1440、1410 和 1380（3 月），阻力位在 1510、1540 和 1560（3 月）。伦敦的趋势向下。支撑位在 410.00、404.00 和 398.00（3 月），阻力位在 427.00、432.00 和 437.00（3 月）。</p>
<p><strong>可可</strong></p>
<p>综合评论：纽约和伦敦昨日收盘上涨。短期趋势混合向下。预计西非将迎来大规模主产季收成，近期降雨对作物有利。现在象牙海岸的可可种植区报告大部分干燥。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，缺乏需求的情况预计将持续。</p>
<p>图表趋势：纽约的趋势混合向下。支撑位在 4060、3840 和 3720（3 月），阻力位在 4490、4970 和 5180（3 月）。伦敦的趋势混合向下。支撑位在 2980、2860 和 2740（3 月），阻力位在 3660、3780 和 4030（3 月）。</p>
<hr/>
<p><em>更多作者作品：</em></p>
<p>谷物报告 - 1 月 27 日，星期二</p>
<p>软商品报告 - 1 月 26 日，星期一</p>
<p>谷物报告 - 1 月 23 日，星期五</p>

<p>1 月 28 日的软商品报告突显了各种商品的混合趋势。棉花价格在之前的下跌后上涨，受到全球经济疲软带来的需求担忧的影响。FCOJ 期货保持稳定，天气条件影响了佛罗里达的收成。咖啡价格上涨，得益于巴西和越南的良好收成条件。纽约的糖价上涨，而伦敦则因预期全球过剩而出现下跌。可可价格收盘上涨，但需求依然疲软。总体而言，市场对天气模式和全球经济状况作出反应</p>

<p><strong>COTTON</strong></p>
<div class="lb-trans"><p><strong>棉花</strong></p>
</div><p>General Comments: Cotton was higher yesterday after moving sharply lower the day before. Trends started to turn down on the daily reports. There are demand concerns moving forward on weak world economy ideas led by the US weakened economy and demands in world forums. World leaders met 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. Trump has walked back those comments and the crisis has been less for now. The USDA reports released a couple of weeks ago showed less production and unchanged demand. Ending stocks were less.</p>
<div class="lb-trans"><p>综合评论：棉花昨日上涨，前一天则大幅下跌。日常报告显示趋势开始转向下行。由于美国经济疲软以及全球论坛上的需求担忧，未来的需求前景令人担忧。世界领导人在达沃斯召开经济论坛，市场在等待会议结果以及特朗普总统关于他提议接管格林兰的评论，尽管这一提议遭到普遍反对。特朗普已经收回了这些评论，目前危机有所缓解。几周前发布的美国农业部报告显示，产量减少而需求保持不变。期末库存减少。</p>
</div><p>Chart Trends: Trends in Cotton are mixed. Support is at 62.40, 61.80, and 61.20 March, with resistance of 64.20, 64.90 and 65.20 March.</p>
<div class="lb-trans"><p>图表趋势：棉花的趋势混合。支撑位在 62.40、61.80 和 61.20（3 月），阻力位在 64.20、64.90 和 65.20（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 little changed in March as speculator and the liquidate positions before First Notice Day at the beginning of the month, but higher 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 this weekend. 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.</p>
<div class="lb-trans"><p>综合评论：期货在 3 月几乎没有变化，投机者在本月初的首次通知日前平仓，但昨日上涨，因为佛罗里达州的收获活跃，天气保持良好。图表趋势混合。没有冻害预报，但州北部地区非常寒冷，本周末可能会有更多寒冷天气。佛罗里达州也很干燥，需要灌溉。尽管整体价格较低，交易者仍对需求感到担忧。天气被认为对巴西和墨西哥的生产有利。巴西报告有零星降雨。</p>
</div><p>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.</p>
<div class="lb-trans"><p>图表趋势：浓缩橙汁的趋势混合。支撑位在 184.00、174.00 和 168.00（3 月），阻力位在 226.00、230.00 和 240.00（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 and London closed higher yesterday, and trends turned up in New York and remain up in London. There are still ideas and reports of increasing harvest sales from Vietnam as the new harvest epands. 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 new crop Coffee.</p>
<div class="lb-trans"><p>综合评论：纽约和伦敦昨日收盘上涨，纽约的趋势转向上行，伦敦保持上行。关于越南新收成的销售增加的想法和报告仍在继续。巴西的种植条件非常好。大多数农民在等待更好的价格。现在巴西报告有零星降雨，有助于改善树木状况。墨西哥和中美洲的情况良好。越南最近也有零星降雨，情况被称为良好。越南生产商正在销售新作咖啡。</p>
</div><p>Overnight News: The ICO average price is 294.32 ct/lb.</p>
<div class="lb-trans"><p>隔夜新闻：国际咖啡组织（ICO）平均价格为 294.32 美分/磅。</p>
</div><p>Chart Trends: Trends in New York are up. Support is at 350.00, 345.00, and 339.00 March, and resistance is at 372.00, 383.00 and 390.00 March. Trends in London are up. Support is at 4070, 3980, and 3920 March, with resistance at 4370, 4440, and 4520 .</p>
<div class="lb-trans"><p>图表趋势：纽约的趋势向上。支撑位在 350.00、345.00 和 339.00（3 月），阻力位在 372.00、383.00 和 390.00（3 月）。伦敦的趋势向上。支撑位在 4070、3980 和 3920（3 月），阻力位在 4370、4440 和 4520。</p>
</div><p><strong>SUGAR</strong></p>
<div class="lb-trans"><p><strong>糖</strong></p>
</div><p>General Comments: New York closed higher and London was lower yesterday. 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 Whitwe Sugar while global consumption is expected to remain steady.</p>
<div class="lb-trans"><p>综合评论：纽约昨日收盘上涨，伦敦则下跌。由于全球甘蔗和甜菜的良好生长条件，市场供应充足。预计 2025/26 年度将出现大规模全球过剩，印度和泰国的产量增加将特别增加白糖的供应，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 1440, 1410, and 1380 March and resistance is at 1510, 1540, and 1560 March. Trends in London are down. Support is at 410.00, 404.00, and 398.00 March, with resistance at 427.00, 432.00, and 437.00 March.</p>
<div class="lb-trans"><p>图表趋势：纽约的趋势混合。支撑位在 1440、1410 和 1380（3 月），阻力位在 1510、1540 和 1560（3 月）。伦敦的趋势向下。支撑位在 410.00、404.00 和 398.00（3 月），阻力位在 427.00、432.00 和 437.00（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 higher yesterday. Short term trends are 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.</p>
<div class="lb-trans"><p>综合评论：纽约和伦敦昨日收盘上涨。短期趋势混合向下。预计西非将迎来大规模主产季收成，近期降雨对作物有利。现在象牙海岸的可可种植区报告大部分干燥。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，缺乏需求的情况预计将持续。</p>
</div><p>Chart Trends: Trends in New York are mixed to down. Support is at 4060, 3840, and 3720 March, with resistance at 4490, 4970, and 5180 March. Trends in London are mixed to down. Support is at 2980, 2860, and 2740 March, with resistance at 3660, 3780, and 4030 March.</p>
<div class="lb-trans"><p>图表趋势：纽约的趋势混合向下。支撑位在 4060、3840 和 3720（3 月），阻力位在 4490、4970 和 5180（3 月）。伦敦的趋势混合向下。支撑位在 2980、2860 和 2740（3 月），阻力位在 3660、3780 和 4030（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>更多作者作品：</em></p>
</div><p>Grains Report - Tuesday, Jan. 27</p>
<div class="lb-trans"><p>谷物报告 - 1 月 27 日，星期二</p>
</div><p>Softs Report - Monday, Jan.26</p>
<div class="lb-trans"><p>软商品报告 - 1 月 26 日，星期一</p>
</div><p>Grains Report - Friday, Jan. 23</p>
<div class="lb-trans"><p>谷物报告 - 1 月 23 日，星期五</p>
</div>

软商品报告 - 周三，1 月 28 日