White Sugar #5 Oct '24 (SWV24)
White Sugar #5 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Thursday closed up +0.03 (+0.22%), and Aug London ICE white sugar #5 (SWQ26) closed up +3.80 (+0.90%).
Sugar prices moved higher on Thursday, with London sugar posting a 2-week high. Â Strength in crude oil prices (CLM26) is supportive of sugar, as crude rose more than +3% on Thursday, which boosts ethanol prices and could prompt the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
Brazilian real strength (^USDBRL) is also positive for sugar prices, as the real rallied to a 2-year high against the dollar on Thursday, discouraging export sales by Brazil's sugar producers.
The outlook for smaller Brazilian sugar output is supportive for prices. Â The USDA on Tuesday forecast Brazil's 2026/27 sugar production at 42.5 MMT, down -3% y/y, citing millers crushing more cane for ethanol than for sugar.
Signs of a smaller global sugar surplus are also supportive... Read more
Barchart · Thu Apr 23, 1:31PM CDT
May NY world sugar #11 (SBK26 ) on Thursday closed up +0.03 (+0.22%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +3.80 (+0.90%). Sugar prices...
Barchart · Thu Apr 23, 1:29PM CDT
May ICE NY cocoa (CCK26 ) on Thursday closed up +30 (+0.90%), and May ICE London cocoa #7 (CAK26 ) closed up +19 (+0.76%). Cocoa prices settled higher...
Barchart · Thu Apr 23, 1:27PM CDT
July arabica coffee (KCN26 ) on Thursday closed up +11.20 (+3.87%), and May ICE robusta coffee (RMK26 ) closed up +153 (+4.32%). Coffee prices rallied...
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Cotton futures are trading with 45 to 75 point gains on Thursday. The US dollar index was 0.108 higher at $98.520. Crude oil is up another $2.34 to $95.19....
Barchart · Thu Apr 23, 11:25AM CDT
May NY world sugar #11 (SBK26 ) today is up +0.04 (+0.29%), and Aug London ICE white sugar #5 (SWQ26 ) is up +3.80 (+0.90%). Sugar prices are climbing...
Barchart · Thu Apr 23, 11:08AM CDT
May ICE NY cocoa (CCK26 ) today is up +24 (+0.72%), and May ICE London cocoa #7 (CAK26 ) is up +14 (+0.56%). Cocoa prices are moving higher today on concern...
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