<p><strong>棉花</strong></p>
<p>綜合評論：棉花在昨日的區間交易中略有下跌，開盤後上漲。世界領導人正在達沃斯參加經濟論壇，市場在等待會議結果以及特朗普總統關於他提議接管格林蘭的最新評論，儘管這與其他人的意願相悖。每週銷售總量超過 40 萬包，遠高於過去幾年的報告。週一發佈的美國農業部報告顯示，產量減少，需求保持不變。期末庫存減少。</p>
<p>圖表趨勢：棉花的趨勢混合。支撐位在 63.70、63.00 和 62.40（3 月），阻力位在 65.90、66.40 和 67.20（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>濃縮橙汁</strong></p>
<p>綜合評論：期貨昨日大幅下跌，佛羅里達州的收穫正在進行中，天氣保持良好。圖表趨勢混合。沒有凍害預報，但州北部地區非常寒冷，本週晚些時候可能會有更多寒冷天氣。佛羅里達州也很乾燥，需要灌溉。儘管整體價格較低，交易者仍對需求感到擔憂。天氣對巴西和墨西哥的生產被認為是有利的。巴西報告有零星降雨。</p>
<p>隔夜新聞：ICE 表示，1 月期貨交割的通知為 0，總交割量現在為 0 合約。</p>
<p>圖表趨勢：濃縮橙汁的趨勢混合。支撐位在 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>綜合評論：紐約和倫敦昨日收盤下跌，兩個市場的趨勢混合。特朗普總統提高了對歐盟的新關税威脅，以回應他需要擁有格林蘭的提議，儘管這與歐盟和格林蘭的意願相悖。關於越南的收穫銷售增加的想法和報告仍在繼續。巴西的條件非常好。大多數農民在等待更好的價格。現在巴西報告有零星降雨，有助於改善樹木狀況。墨西哥和中美洲的情況良好。越南最近有零星降雨，條件被稱為良好。越南生產者正在出售。</p>
<p>隔夜新聞：ICO 平均價格為 290.22 美分/磅。</p>
<p>圖表趨勢：紐約的趨勢混合。支撐位在 345.00、339.00 和 335.00（3 月），阻力位在 363.00、372.00 和 383.00（3 月）。倫敦的趨勢混合向上。支撐位在 3860、3730 和 3670（3 月），阻力位在 4070、4100 和 4190。</p>
<p><strong>糖</strong></p>
<p>綜合評論：紐約和倫敦昨日下跌。世界領導人正在達沃斯參加經濟論壇，市場在等待會議結果以及特朗普總統關於他提議接管格林蘭的最新評論，儘管這與其他人的意願相悖。市場供應充足，全球甘蔗和甜菜的良好生長條件持續。2025/26 年度全球供應過剩的前景使市場處於防禦狀態，印度和泰國的生產增加將提高供應，而全球消費預計將保持穩定。</p>
<p>圖表趨勢：紐約的趨勢混合。支撐位在 1440、1410 和 1380（3 月），阻力位在 1510、1540 和 1560（3 月）。倫敦的趨勢混合。支撐位在 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>綜合評論：紐約和倫敦昨日再次收盤下跌。短期趨勢向下。世界領導人正在達沃斯參加經濟論壇，市場在等待會議結果以及特朗普總統關於他提議接管格林蘭的最新評論，儘管這與其他人的意願相悖。預計西非將迎來大規模主作物收穫，最近的降雨對作物有利。上週，象牙海岸的可可種植區出現輕微降雨與高温的混合，預示着主作物的良好前景。還有報告顯示，西非以外的其他國家（包括亞洲和中美洲）生產潛力增加。市場感覺需求減少，預計缺乏需求將持續。</p>
<p>圖表趨勢：紐約的趨勢向下。支撐位在 4810、4750 和 4690（3 月），阻力位在 5300、5560 和 5790（3 月）。倫敦的趨勢向下。支撐位在 3280、3160 和 3040（3 月），阻力位在 3660、3780 和 4030（3 月）。</p>
<hr/>
<p><em>更多來自此作者的內容：</em></p>
<p>穀物報告 - 1 月 20 日，星期二</p>
<p>軟商品報告 - 1 月 15 日，星期四</p>
<p>穀物報告 - 1 月 13 日，星期二</p>

全球農產品股指數 ETF - iShares

全球農業 ETF - Market Vectors

糖期貨基金 - Teucrium

玉米期貨基金 - Teucrium

農產品基金 - PowerShares

COFF

<p>1 月 21 日的軟商品報告突顯了棉花、冷榨橙汁、咖啡、糖和可可市場的混合趨勢。儘管每週銷售有所增加，棉花價格略有下滑；而在佛羅里達州積極收割的背景下，冷榨橙汁期貨價格下跌。咖啡市場因特朗普總統可能的新關税而收盤走低。糖價受到全球供應充足和預期過剩的壓力。可可市場趨勢下行，儘管西非的作物條件良好，但需求持續存在擔憂。總體而言，市場密切關注達沃斯經濟論壇的動態和美國政治聲明</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 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.</p>
<div class="lb-trans"><p>綜合評論：棉花在昨日的區間交易中略有下跌，開盤後上漲。世界領導人正在達沃斯參加經濟論壇，市場在等待會議結果以及特朗普總統關於他提議接管格林蘭的最新評論，儘管這與其他人的意願相悖。每週銷售總量超過 40 萬包，遠高於過去幾年的報告。週一發佈的美國農業部報告顯示，產量減少，需求保持不變。期末庫存減少。</p>
</div><p>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.</p>
<div class="lb-trans"><p>圖表趨勢：棉花的趨勢混合。支撐位在 63.70、63.00 和 62.40（3 月），阻力位在 65.90、66.40 和 67.20（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>濃縮橙汁</strong></p>
</div><p>General 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.</p>
<div class="lb-trans"><p>綜合評論：期貨昨日大幅下跌，佛羅里達州的收穫正在進行中，天氣保持良好。圖表趨勢混合。沒有凍害預報，但州北部地區非常寒冷，本週晚些時候可能會有更多寒冷天氣。佛羅里達州也很乾燥，需要灌溉。儘管整體價格較低，交易者仍對需求感到擔憂。天氣對巴西和墨西哥的生產被認為是有利的。巴西報告有零星降雨。</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>隔夜新聞：ICE 表示，1 月期貨交割的通知為 0，總交割量現在為 0 合約。</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>圖表趨勢：濃縮橙汁的趨勢混合。支撐位在 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 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.</p>
<div class="lb-trans"><p>綜合評論：紐約和倫敦昨日收盤下跌，兩個市場的趨勢混合。特朗普總統提高了對歐盟的新關税威脅，以回應他需要擁有格林蘭的提議，儘管這與歐盟和格林蘭的意願相悖。關於越南的收穫銷售增加的想法和報告仍在繼續。巴西的條件非常好。大多數農民在等待更好的價格。現在巴西報告有零星降雨，有助於改善樹木狀況。墨西哥和中美洲的情況良好。越南最近有零星降雨，條件被稱為良好。越南生產者正在出售。</p>
</div><p>Overnight News: The ICO average price is 290.22 ct/lb.</p>
<div class="lb-trans"><p>隔夜新聞：ICO 平均價格為 290.22 美分/磅。</p>
</div><p>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 .</p>
<div class="lb-trans"><p>圖表趨勢：紐約的趨勢混合。支撐位在 345.00、339.00 和 335.00（3 月），阻力位在 363.00、372.00 和 383.00（3 月）。倫敦的趨勢混合向上。支撐位在 3860、3730 和 3670（3 月），阻力位在 4070、4100 和 4190。</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 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.</p>
<div class="lb-trans"><p>綜合評論：紐約和倫敦昨日下跌。世界領導人正在達沃斯參加經濟論壇，市場在等待會議結果以及特朗普總統關於他提議接管格林蘭的最新評論，儘管這與其他人的意願相悖。市場供應充足，全球甘蔗和甜菜的良好生長條件持續。2025/26 年度全球供應過剩的前景使市場處於防禦狀態，印度和泰國的生產增加將提高供應，而全球消費預計將保持穩定。</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 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>圖表趨勢：紐約的趨勢混合。支撐位在 1440、1410 和 1380（3 月），阻力位在 1510、1540 和 1560（3 月）。倫敦的趨勢混合。支撐位在 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 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.</p>
<div class="lb-trans"><p>綜合評論：紐約和倫敦昨日再次收盤下跌。短期趨勢向下。世界領導人正在達沃斯參加經濟論壇，市場在等待會議結果以及特朗普總統關於他提議接管格林蘭的最新評論，儘管這與其他人的意願相悖。預計西非將迎來大規模主作物收穫，最近的降雨對作物有利。上週，象牙海岸的可可種植區出現輕微降雨與高温的混合，預示着主作物的良好前景。還有報告顯示，西非以外的其他國家（包括亞洲和中美洲）生產潛力增加。市場感覺需求減少，預計缺乏需求將持續。</p>
</div><p>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.</p>
<div class="lb-trans"><p>圖表趨勢：紐約的趨勢向下。支撐位在 4810、4750 和 4690（3 月），阻力位在 5300、5560 和 5790（3 月）。倫敦的趨勢向下。支撐位在 3280、3160 和 3040（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>更多來自此作者的內容：</em></p>
</div><p>Grains Report - Tuesday, Jan. 20</p>
<div class="lb-trans"><p>穀物報告 - 1 月 20 日，星期二</p>
</div><p>Softs Report - Thursday, Jan. 15</p>
<div class="lb-trans"><p>軟商品報告 - 1 月 15 日，星期四</p>
</div><p>Grains Report - Tuesday, Jan. 13</p>
<div class="lb-trans"><p>穀物報告 - 1 月 13 日，星期二</p>
</div>

軟商品報告 - 週三，1 月 21 日