Sugar #11 Jul '26 (SBN26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Monday closed up +0.34 (+2.27%), and Aug London ICE white sugar #5 (SWQ26) did not trade as markets in the UK were closed for the May Day holiday.
Sugar prices settled sharply higher on Monday for a second day, with NY sugar posting a 1-month high. Â Monday's +3% surge in gasoline prices (RBM26) is bullish for sugar, as higher gasoline prices boost ethanol prices and could persuade the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thereby curbing sugar supplies. Â
Concerns that future global sugar supplies will shrink are supportive of sugar prices. Â Last Friday, Green Pool Commodity Specialists raised their global 2026/27 sugar deficit estimate to -4.30 MMT from -1.66 MMT, citing a shift toward higher ethanol production at the expense of sugar.
The action by Brazil's sugar mills to boost ethanol production at the expense of sugar is supportive for sugar prices. Â Last Thursday, Unica... Read more
Barchart · 47 minutes ago
Cotton futures closed the Monday session with contracts down 30 to 127 points across most contracts. The US dollar index was $0.146 higher at $98.065....
Barchart · Mon May 4, 1:27PM CDT
July NY world sugar #11 (SBN26 ) on Monday closed up +0.34 (+2.27%), and Aug London ICE white sugar #5 (SWQ26 ) did not trade as markets in the UK were...
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