<p><strong>棉花</strong></p>
<p>綜合評論：棉花昨日上漲，前一天則大幅下跌。日常報告顯示趨勢開始轉向下行。由於美國經濟疲軟以及全球論壇上的需求擔憂，未來的需求前景令人擔憂。世界領導人在達沃斯召開經濟論壇，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評論，儘管這一提議遭到普遍反對。特朗普已經收回了這些評論，目前危機有所緩解。幾周前發佈的美國農業部報告顯示，產量減少而需求保持不變。期末庫存減少。</p>
<p>圖表趨勢：棉花的趨勢混合。支撐位在 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>濃縮橙汁</strong></p>
<p>綜合評論：期貨在 3 月幾乎沒有變化，投機者在本月初的首次通知日前平倉，但昨日上漲，因為佛羅里達州的收穫活躍，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，本週末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。天氣被認為對巴西和墨西哥的生產有利。巴西報告有零星降雨。</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上漲，紐約的趨勢轉向上行，倫敦保持上行。關於越南新收成的銷售增加的想法和報告仍在繼續。巴西的種植條件非常好。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。越南最近也有零星降雨，情況被稱為良好。越南生產商正在銷售新作咖啡。</p>
<p>隔夜新聞：國際咖啡組織（ICO）平均價格為 294.32 美分/磅。</p>
<p>圖表趨勢：紐約的趨勢向上。支撐位在 350.00、345.00 和 339.00（3 月），阻力位在 372.00、383.00 和 390.00（3 月）。倫敦的趨勢向上。支撐位在 4070、3980 和 3920（3 月），阻力位在 4370、4440 和 4520。</p>
<p><strong>糖</strong></p>
<p>綜合評論：紐約昨日收盤上漲，倫敦則下跌。由於全球甘蔗和甜菜的良好生長條件，市場供應充足。預計 2025/26 年度將出現大規模全球過剩，印度和泰國的產量增加將特別增加白糖的供應，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）。倫敦的趨勢向下。支撐位在 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>綜合評論：紐約和倫敦昨日收盤上漲。短期趨勢混合向下。預計西非將迎來大規模主產季收成，近期降雨對作物有利。現在象牙海岸的可可種植區報告大部分乾燥。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，缺乏需求的情況預計將持續。</p>
<p>圖表趨勢：紐約的趨勢混合向下。支撐位在 4060、3840 和 3720（3 月），阻力位在 4490、4970 和 5180（3 月）。倫敦的趨勢混合向下。支撐位在 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>穀物報告 - 1 月 27 日，星期二</p>
<p>軟商品報告 - 1 月 26 日，星期一</p>
<p>穀物報告 - 1 月 23 日，星期五</p>

<p>1 月 28 日的軟商品報告突顯了各種商品的混合趨勢。棉花價格在之前的下跌後上漲，受到全球經濟疲軟帶來的需求擔憂的影響。FCOJ 期貨保持穩定，天氣條件影響了佛羅里達的收成。咖啡價格上漲，得益於巴西和越南的良好收成條件。紐約的糖價上漲，而倫敦則因預期全球過剩而出現下跌。可可價格收盤上漲，但需求依然疲軟。總體而言，市場對天氣模式和全球經濟狀況作出反應</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>綜合評論：棉花昨日上漲，前一天則大幅下跌。日常報告顯示趨勢開始轉向下行。由於美國經濟疲軟以及全球論壇上的需求擔憂，未來的需求前景令人擔憂。世界領導人在達沃斯召開經濟論壇，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評論，儘管這一提議遭到普遍反對。特朗普已經收回了這些評論，目前危機有所緩解。幾周前發佈的美國農業部報告顯示，產量減少而需求保持不變。期末庫存減少。</p>
</div><p>Chart Trends: Trends in Cotton are mixed. Support is at 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>圖表趨勢：棉花的趨勢混合。支撐位在 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>濃縮橙汁</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>綜合評論：期貨在 3 月幾乎沒有變化，投機者在本月初的首次通知日前平倉，但昨日上漲，因為佛羅里達州的收穫活躍，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，本週末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。天氣被認為對巴西和墨西哥的生產有利。巴西報告有零星降雨。</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>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 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>綜合評論：紐約和倫敦昨日收盤上漲，紐約的趨勢轉向上行，倫敦保持上行。關於越南新收成的銷售增加的想法和報告仍在繼續。巴西的種植條件非常好。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。越南最近也有零星降雨，情況被稱為良好。越南生產商正在銷售新作咖啡。</p>
</div><p>Overnight News: The ICO average price is 294.32 ct/lb.</p>
<div class="lb-trans"><p>隔夜新聞：國際咖啡組織（ICO）平均價格為 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>圖表趨勢：紐約的趨勢向上。支撐位在 350.00、345.00 和 339.00（3 月），阻力位在 372.00、383.00 和 390.00（3 月）。倫敦的趨勢向上。支撐位在 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>綜合評論：紐約昨日收盤上漲，倫敦則下跌。由於全球甘蔗和甜菜的良好生長條件，市場供應充足。預計 2025/26 年度將出現大規模全球過剩，印度和泰國的產量增加將特別增加白糖的供應，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 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>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）。倫敦的趨勢向下。支撐位在 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>綜合評論：紐約和倫敦昨日收盤上漲。短期趨勢混合向下。預計西非將迎來大規模主產季收成，近期降雨對作物有利。現在象牙海岸的可可種植區報告大部分乾燥。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，缺乏需求的情況預計將持續。</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>圖表趨勢：紐約的趨勢混合向下。支撐位在 4060、3840 和 3720（3 月），阻力位在 4490、4970 和 5180（3 月）。倫敦的趨勢混合向下。支撐位在 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>穀物報告 - 1 月 27 日，星期二</p>
</div><p>Softs Report - Monday, Jan.26</p>
<div class="lb-trans"><p>軟商品報告 - 1 月 26 日，星期一</p>
</div><p>Grains Report - Friday, Jan. 23</p>
<div class="lb-trans"><p>穀物報告 - 1 月 23 日，星期五</p>
</div>

軟商品報告 - 週三，1 月 28 日