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Sugar #11 Mar '21 (SBH21)

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Sugar #11 Futures Market News and Commentary

Sugar Prices Settle Lower on Dollar Strength and Weak Crude Oil Prices

March NY world sugar #11 (SBH21) on Friday closed down -0.22 (-1.32%), and March London white sugar #5 (SWH21) closed down -2.70 (-0.58%).

Sugar prices on Friday settled moderately lower as a rally in the dollar index to a 3-1/2 week high and a -2% plunge in crude oil prices sparked long liquidation pressure in sugar futures.

Sugar prices earlier rallied to 3-1/2 year nearest-future highs on Thursday on the outlook for tighter global sugar supplies. Citigroup on Thursday raised its 2021 sugar price estimate to 14.7 cents/lb from 13.6 cents/lb, citing "disappointment in the scale" of the government of India's subsidy for sugar exports.

Recent strength in crude oil prices benefits ethanol prices and is bullish for sugar prices. Higher crude oil prices encourage Brazil's sugar mills to divert more cane crushing toward ethanol production rather than sugar production, thus curbing sugar supplies.

Smaller sugar output from Thailand,... Read more

Contract Specifications

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Contract
Sugar #11
Contract Size
112,000 pounds (50 long tonnes)
Tick Size
0.01 cents per pound ($11.20 per contract)
Trading Hours
2:30a.m. - 12:00p.m. (Settles 11:55a.m.) CST
Exchange
ICE/US
Point Value
$1,120
Margin/Maintenance
$1,047/952
First Notice Date
03/01/21 (45 days)
Expiration Date
02/26/21 (42 days)

Seasonal Chart

Sugar #11 Mar '21
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Jan 12, 2021

View Chart Details
Commercials - Long / Short
541,896 (+16,457)
863,299 (+706)
Non-Commercials - Long / Short
311,865 (-19,056)
58,600 (+1,329)
Producers - Long / Short
320,170 (+19,258)
657,865 (+310)
Swap Dealers - Long / Short
180,568 (-2,204)
164,276 (+993)
Managed Money - Long / Short
252,903 (-7,770)
33,345 (+1,490)
Other Reportables - Long / Short
58,962 (-11,286)
25,255 (-161)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
14.24 +15.52%
on 12/16/20
16.75 -1.79%
on 01/14/21
+2.24 (+15.76%)
since 12/15/20
3-Month
13.94 +18.01%
on 10/30/20
16.75 -1.79%
on 01/14/21
+2.27 (+16.01%)
since 10/15/20
52-Week
10.29 +59.86%
on 04/28/20
16.75 -1.79%
on 01/14/21
+1.63 (+11.00%)
since 01/15/20

More Sugar #11 Quotes

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Sugar Prices Settle Lower on Dollar Strength and Weak Crude Oil Prices

March NY world sugar #11 (SBH21) on Friday closed down -0.22 (-1.32%), and March London white sugar #5 (SWH21) closed down -2.70 (-0.58%). Sugar prices on Friday settled moderately lower as a rally in...

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Mar arabica coffee (KCH21) this morning is up +1.50 (+1.18%), and March ICE Robusta coffee (RMH21) is up +19 (+1.43%). Coffee prices this morning are moving higher, with arabica at a 4-month nearest-futures...

Sugar Prices Fall Back on Dollar Strength and Weak Crude Prices

March NY world sugar #11 (SBH21) this morning is down -0.25 (-1.50%), and March London white sugar #5 (SWH21) is down -3.40 (-0.73%). Sugar prices this morning are moderately lower as a rally in the dollar...

Cotton Builds on Thursday Advance Overnight

Overnight cotton futures were 13 to 19 higher. Yesterday, cotton put up 22 to 23 point gains. Cotton export bookings for the week ending 1/7 were USDA reported at 362,002 RBs. That is up 113% on the week,...

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 17.12
2nd Resistance Point 16.92
1st Resistance Point 16.68
Last Price 16.45s
1st Support Level 16.24
2nd Support Level 16.04
3rd Support Level 15.80

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52-Week High 16.75
Last Price 16.45s
Fibonacci 61.8% 14.28
Fibonacci 50% 13.52
Fibonacci 38.2% 12.76
52-Week Low 10.29

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Barchart Futures Commentary

Barchart Futures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

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