Sugar #11 Mar '23 (SBH23)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Friday closed up +0.08 (+0.54%), and October London ICE white sugar #5 (SWV26) closed up +1.00 (0.22%).
Sugar prices on Friday closed mildly higher on a slightly weaker dollar and on some pre-weekend short-covering after posting a 1-week low earlier in the session.
Sugar prices on Friday were undercut as WTI crude oil (CLQ26) fell more than -3%, giving back about half of Thursday’s 6% rally. Friday’s fall in oil prices was bearish for ethanol prices, which may encourage sugar mills worldwide to divert less cane crushing toward ethanol production than sugar, thus boosting sugar supplies.Â
President Trump announced late Thursday broad Section 301 tariffs ranging from 10% to 12.5% on 60 nations, citing a forced labor rationale, replacing the 10% global import tax that expired and the previous reciprocal tariff that the US Supreme Court struck down. However, the new Section 301 tariffs apparently will not affect US sugar imports,... Read more
Barchart · Fri Jul 24, 5:12PM CDT
Cotton futures closed Friday with front month losses of 7 to 129 points and deferreds up 3 to 4 points. December was up 135 points on the week. Crude oil...
Barchart · Fri Jul 24, 2:04PM CDT
October NY world sugar #11 (SBV26 ) on Friday closed up +0.08 (+0.54%), and October London ICE white sugar #5 (SWV26 ) closed up +1.00 (0.22%). Sugar prices...
Barchart · Fri Jul 24, 2:01PM CDT
September ICE NY cocoa (CCU26 ) on Friday closed up +75 (+1.41%), and September ICE London cocoa #7 (CAU26 ) closed up +49 (+1.23%). Cocoa prices on Friday...
Barchart · Fri Jul 24, 1:48PM CDT
September arabica coffee (KCU26 ) on Friday closed up +4.40 (+1.42%), and September ICE robusta coffee (RMU26 ) closed up +49 (+1.32%). Coffee prices rebounded...
Barchart · Fri Jul 24, 12:22PM CDT
Cotton futures are trading with 74 to 95 point losses across most contracts on Friday, facing some outside pressure. Crude oil is back down $3.96 per barrel,...
Barchart · 4 minutes ago
September S&P 500 E-Mini futures (ESU26) are up +0.98%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.59% this morning, pointing to a sharply...
Barchart · 30 minutes ago
Hewlett Packard Enterprise will release its third-quarter earnings soon, and analysts anticipate a triple-digit bottom-line growth.
Barchart · 1 hour ago
Dollar Tree will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
Barchart · Mon Jul 27, 2:22AM CDT
Campbell's will release its fourth-quarter earnings soon, and analysts anticipate a double-digit profit dip.
Barchart · Mon Jul 27, 1:33AM CDT
Brown-Forman will release its first-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.
Barchart · Sun Jul 26, 4:38PM CDT
Tesla posted mixed Q2 results, but CEO Elon Musk assured investors of incredible returns following heavy capex.
Barchart · Sun Jul 26, 3:22PM CDT
Close to 911.5 million shares will be available for sale shortly after the company reports earnings in August.
Barchart · Sun Jul 26, 1:04PM CDT
SpaceX may still be expensive, but after a 49% fall, heavy shorting and fresh operational progress, the bears may now be right on value and wrong on timing....