Sugar #11 Mar '24 (SBH24)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Thursday closed down -0.41 (-2.76%), and October London ICE white sugar #5 (SWV26) closed down -6.20 (-1.35%).
Sugar prices extended this week’s sharp losses on Thursday and fell to 2.5-week lows. An improvement in India’s monsoon rains is weighing on sugar prices. India’s Meteorological Department reported on Wednesday that India’s cumulative monsoon rainfall was 23% below normal as of July 15, a substantial improvement from 42% below normal on June 30.
An excessively long position in London ICE sugar by funds can exacerbate any price downturn. Last Friday’s weekly Commitment of Traders (COT) data showed funds boosted their long positions in ICE London white sugar by +10,368 in the week ended July 7 to a record 58,131 net-long positions (data from 2011).
Sugar prices have rallied sharply over the past three weeks, with NY sugar posting a 2-month nearest-futures high last Wednesday and London sugar posting a 10.25-month hig... Read more
Barchart · 1 hour ago
October sugar futures present a selling opportunity on more price weakness.
Barchart · Fri Jul 17, 7:18AM CDT
Cotton price action is down 95 to 105 points so far on Friday morning. Futures fell into the Thursday close, posting session losses of 223 to 287 points...
Barchart · Thu Jul 16, 5:29PM CDT
Cotton futures closed the Thursday session with losses of 223 to 287 points at the final bell. Crude oil was up a modest 14 cents per barrel, with the...
Barchart · Thu Jul 16, 2:00PM CDT
World sugar futures on the Intercontinental Exchange have traded in a narrow range of 13.34 to 16.10 cents per pound in 2026. While sugar is consolidating,...
Barchart · Thu Jul 16, 1:21PM CDT
October NY world sugar #11 (SBV26 ) on Thursday closed down -0.41 (-2.76%), and October London ICE white sugar #5 (SWV26 ) closed down -6.20 (-1.35%)....
Barchart · Thu Jul 16, 1:20PM CDT
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Barchart · 1 hour ago
October sugar futures present a selling opportunity on more price weakness.
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