SOFTS: March sugar closed down 48 points at 22.82 cents today. Prices closed nearer the session low today. The key "outside markets" were in a bearish posture for sugar today, as the U.S. dollar index was firmer while crude oil prices and the U.S. stock indexes were sharply lower. Bulls do not want to see a bearish weekly low close on Friday.

March coffee closed down 360 points at 136.95 cents today. Prices closed nearer the session low today. The key "outside markets" were in a bearish posture for coffee today, as the U.S. dollar index was firmer while crude oil prices and the U.S. stock indexes were sharply lower. Bulls do not want to see a bearish weekly low close on Friday.

March cocoa closed down $54 at $3,204 today. Prices closed nearer the session low today. The key "outside markets" were in a bearish posture for cocoa today, as the U.S. dollar index was firmer while crude oil prices and the U.S. stock indexes were sharply lower. Cocoa bulls still have the overall technical advantage.

March cotton closed up 42 points at 72.97 cents today. Prices closed nearer the session high today. Cotton rallied on strong weekly USDA export sales data that included sales to China. The cotton market also rallied despite bearishly postured "outside markets" today, which is another bullish clue for cotton.

January orange juice closed up 85 points at $1.1370 today. Prices closed nearer the session low today. Short covering was featured. The FCOJ bulls still have the overall near-term technical advantage. However, prices have been trending lower for the past four weeks. The next downside technical objective for the FCOJ bears is to produce a close below solid technical support at the November low of $1.0935.

January lumber futures closed down $1.40 at $229.10 today. Prices closed near the session low on more profit taking today after recent limit-up daily price moves. Bulls still have the near-term technical advantage. The next upside technical objective for the lumber bulls is pushing and closing prices above solid technical resistance at the June high of $248.00.