Sugar #11 Mar '19 (SBH19)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Tuesday closed up +0.13 (+0.88%), and Aug London ICE white sugar #5 (SWQ26) closed up +0.30 (+0.06%).
Sugar prices settled higher on Tuesday after Brazil approved a higher ethanol blend in its gasoline, which could potentially boost ethanol demand and prompt Brazil’s sugar mills to boost ethanol output at the expense of sugar. Brazil’s National Energy Policy Council approved a resolution that raises the mandatory blend of anhydrous ethanol in gasoline to 32% from the current 30%.Â
On Monday, sugar prices tumbled to 2-week lows amid an improvement in India’s monsoon rains. India’s Meteorological Department reported on Monday that India’s cumulative monsoon rainfall was 19% below normal as of July 13, a substantial improvement from 42% below normal on June 30.
Sugar prices also have support from strength in crude oil prices. WTI crude oil (CLQ26) rose by more than +1% on Tuesday to a 1-month high, which benefits ethanol prices... Read more
Barchart · Tue Jul 14, 2:00PM CDT
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October NY world sugar #11 (SBV26 ) on Tuesday closed up +0.13 (+0.88%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.30 (+0.06%). Sugar prices...
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September ICE NY cocoa (CCU26 ) on Tuesday closed down -36 (-0.62%), and September ICE London cocoa #7 (CAU26 ) closed down -21 (-0.48%). Cocoa prices...
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September arabica coffee (KCU26 ) on Tuesday closed down -3.90 (-1.18%), and September ICE robusta coffee (RMU26 ) is up +15 (+0.39%). Coffee prices settled...
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Barchart · Tue Jul 14, 11:23AM CDT
October NY world sugar #11 (SBV26 ) today is up +0.13 (+0.88%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +5.30 (+1.14%). Sugar prices are moving...
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