Sugar #11 Oct '26 (SBV26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Wednesday closed down -0.16 (-1.14%), and Aug London ICE white sugar #5 (SWQ26) closed down -1.10 (-0.25%).
Sugar prices settled lower on Wednesday, with NY sugar matching a 6-week low and London sugar posting a 1.5-week low. Weakness in the Brazilian real is weighing on sugar prices. The real (^USDBRL) on Wednesday fell to a 2.25-month low against the dollar, which encourages export sales by Brazil’s sugar producers.
Sugar losses were limited on Wednesday amid strength in crude oil prices. WTI crude oil (CLN26) rallied more than +3% on Wednesday, boosting ethanol prices that could potentially prompt the world’s sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.Â
The outlook for ample global sugar supplies is bearish for prices. On May 27, Unica reported that 2026/27 Brazil Center-South sugar production in April rose by 55.3% y/y to 2.475 MMT, driven by higher yie... Read more
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