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FOOD & FIBER

SOFTS: March sugar closed down 4 points at 18.77 cents today. Prices closed near mid-range today. The sugar bears have the slight overall near-term technical advantage. Prices are in a nine-week-old downtrend on the daily bar chart.

March coffee closed up 490 points at 237.85 cents today. Prices closed nearer the session high today. The coffee bulls have the solid overall near-term technical advantage. The next upside price objective for the bulls is to close prices above solid technical resistance at the December high of 252.35 cents.

March cocoa closed up $16 at $2,509 a ton today. Prices closed near mid-range today. The cocoa bulls and bears are on a level overall near-term technical playing field. The next upside price objective for the cocoa bulls is to push and close prices above solid technical resistance at the January high of $2,695.

March cotton closed up 13 points at 120.51 cents today. Prices closed nearer the session low today. Cotton bulls have the solid overall near-term technical advantage. Prices are in a six-week-old price uptrend on the daily bar chart.

March orange juice closed up 195 points at $1.5730 today. Prices closed nearer the session high today and closed at a contract high close. FCOJ bulls have the solid overall near-term technical advantage. Prices are in a 2.5-month- old uptrend on the daily bar chart.