Sugar #11 Oct '26 (SBV26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Tuesday closed down -0.04 (-0.28%), and Aug London ICE white sugar #5 (SWQ26) closed down -0.10 (-0.02%).
Sugar prices fell to 1-week lows on Tuesday and settled lower amid weakness in crude oil prices. WTI crude oil (CLN26) fell more than -3% to a 7-week low on Tuesday, which undercut ethanol prices and could potentially prompt the world’s sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting 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 yields, with sucrose per ton of cane at 112.58 kilograms, up 5.4% from the same time last year.Â
Strength in Thailand’s sugar exports, the world’s second-largest, is also bearish for prices.  Thailand’s 2026 sugar exports Jan-Apr rose +29% y/y to 1.6 MMT.Â
Sugar prices have... Read more
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