White Sugar #5 Aug '26 (SWQ26)
White Sugar #5 Futures Market News and Commentary
July NY world sugar #11 (SBN26) today is up +0.19 (+1.31%), and Aug London ICE white sugar #5 (SWQ26) is up +1.40 (+0.32%).
Sugar prices are climbing today as strength in the Brazilian real has sparked short-covering in sugar futures. The real (^USDBRL) is up +0.51% today, just below Wednesday's 2.25-year high. The stronger real discourages export sales from Brazil's sugar producers.
On Thursday, sugar prices fell to 1-week lows after gasoline prices (RBM26) fell by more than 8% over the past three sessions, which undercut ethanol prices and weighed on sugar prices. According to Covrig Analytics, falling ethanol prices are already prompting Brazilian sugar mills to divert sugarcane away from ethanol production toward sugar, as sugar prices are currently 0.7 to 1 cent per pound more profitable to produce than ethanol.
Last Thursday, Unica reported that 2026/27 Brazil Center-South sugar production in the first half of April fell -11.9% y/y to 647 MT, with mills... Read more
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