Sugar #11 Mar '24 (SBH24)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) today is up +0.47 (+3.25%), and October London ICE white sugar #5 (SWV26) is up +16.70 (+3.67%).
Sugar prices are moving sharply higher today, with London sugar posting a 1-week high. Soaring crude oil prices today have spurred short covering in sugar futures. WTI crude oil (CLQ26) is up more than +3% today at a 1-month high, which benefits ethanol prices and could potentially prompt global sugar mills to divert more cane crushing toward ethanol production than sugar, thus curbing sugar supplies.Â
On Thursday, sugar prices tumbled to 3-week lows amid an improvement in India’s monsoon rains. India’s Meteorological Department reported today that India’s cumulative monsoon rainfall was 24% below normal as of July 17, 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 fun... Read more
Barchart · 13 minutes ago
October NY world sugar #11 (SBV26 ) today is up +0.47 (+3.25%), and October London ICE white sugar #5 (SWV26 ) is up +16.70 (+3.67%). Sugar prices are...
Barchart · 33 minutes ago
September ICE NY cocoa (CCU26 ) today is up +183 (+3.41%), and September ICE London cocoa #7 (CAU26 ) is up +124 (+3.12%). Cocoa prices are sharply higher...
Barchart · 50 minutes ago
September arabica coffee (KCU26 ) today is up +6.85 (+2.19%), and September ICE robusta coffee (RMU26 ) is up +104 (+2.74%). Coffee prices are moving sharply...
Barchart · Fri Jul 17, 9:06AM CDT
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 · 12 minutes ago
October NY world sugar #11 (SBV26 ) today is up +0.47 (+3.25%), and October London ICE white sugar #5 (SWV26 ) is up +16.70 (+3.67%). Sugar prices are...
Barchart · 21 minutes ago
The Amazon Prime program Clarkson's Farm has given us a glimpse of the future of agriculture and farmers.
Barchart · 32 minutes ago
September ICE NY cocoa (CCU26 ) today is up +183 (+3.41%), and September ICE London cocoa #7 (CAU26 ) is up +124 (+3.12%). Cocoa prices are sharply higher...
Barchart · 49 minutes ago
September arabica coffee (KCU26 ) today is up +6.85 (+2.19%), and September ICE robusta coffee (RMU26 ) is up +104 (+2.74%). Coffee prices are moving sharply...
Barchart · 59 minutes ago
August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving...
Barchart · 1 hour ago
Trump praised General Dynamics submarines but demanded faster production at a defense summit, even as the company posts strong Q1 earnings.
Barchart · 1 hour ago
Capital One says Palo Alto Networks stock will rip higher from here in the second half of 2026. Here’s why the firm is bullish on PANW shares.
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) today is down -0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX...