Sugar #11 Jul '26 (SBN26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Friday closed up +0.13 (+0.93%), and Aug London ICE white sugar #5 (SWQ26) closed up +12.50 (+2.94%).
Sugar prices rose sharply on Friday amid concerns that an emerging El Niño weather pattern will lead to a poor monsoon season in India, the world's second-largest sugar producer.  Short covering emerged in sugar futures on Friday after India's weather office lowered its cumulative rainfall estimate for the June-September monsoon season to 90% of the long-term average from a forecast of 92% issued in April.
Growing concerns that dry weather from an El Niño event could disrupt global sugar production are supportive of prices.  The emergence of an El Niño is likely to curb rainfall in Brazil, India, and Thailand, the world's three largest sugar-producing regions.  The US National Oceanic and Atmospheric Administration (NOAA) estimates  a 82% probability that El Niño conditions will emerge between May and July and persist through the end of... Read more
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July NY world sugar #11 (SBN26 ) on Friday closed up +0.13 (+0.93%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +12.50 (+2.94%). Sugar prices...
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