Sugar #11 Oct '26 (SBV26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Tuesday closed up +0.14 (+1.02%), and Aug London ICE white sugar #5 (SWQ26) closed up +7.50 (+1.70%).
Sugar prices erased early losses on Tuesday and settled higher on concerns over India’s sugar crop. Short covering emerged in sugar after India’s Meteorological Department reported that India’s cumulative monsoon rainfall was 32% below normal as of June 15. India’s monsoon season runs from June through September.
On Tuesday, sugar prices initially moved lower with NY sugar falling to a 1.75-month low amid a plunge in crude oil prices. WTI crude oil (CLN26) tumbled more than -5% on Tuesday to a 3.5-month low, which undercuts ethanol prices and may prompt the world’s sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.
Concerns that dry weather from an El Niño event could disrupt global sugar production are bullish for prices. Last Wednesday, Japan’s Meteorological Ag... Read more
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