Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
or
Menu

Sugar #11 May '19 (SBK19)

Get Real-Time Futures
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [ICE/US]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ fieldTitles[key] ]] [[ value ]] [[ value ]]

Sugar #11 Futures Market News and Commentary

Sugar Market News and Commentary

March NY world sugar #11 (SBH19) on Friday closed up +0.18 (+1.40%) and March ICE London white sugar (SWH19) closed up +4.70 (+1.35%). Sugar prices moved higher Friday after crude oil prices rallied to a 1-1/2 month high. Stronger crude oil prices are positive for ethanol prices and provide incentive to Brazil's sugar mills to divert more cane crushing toward ethanol production rather than sugar production, thus reducing sugar supplies. Mar NY sugar climbed to a 2-1/4 month high Wednesday on signs that sugar exports from India, the world’s second-biggest sugar producer, may ease after India's Prime Minister's Office said it is considering raising the minimum selling price of sugar to 31 rupees/kg from 29 rupees/kg, which may curb India's sugar exports. Also, researcher Marex Spectron cut its India 2018/19 sugar export estimate to 2.8 MMT from a Nov estimate of 3.0 MMT. Sugar prices still have support from Tuesday's data from Unica showing that 2018/19 Brazil Center-South sugar production through December was down -26.5% y/y at 26.339 MMT. On the bearish side is Brazil shipping data showing that sugar awaiting loading in Brazil's ports rose to 586,400 MT as of Jan 16, up from last week's level of 382,113 MT. Also, Brazil's hydrous ethanol prices fell for a second week to 1.6354 real per liter in the week ended Jan 11, down -12% y/y and the lowest for this time of year in 3 years, which may prompt Brazil's sugar producers to divert more cane crushing toward sugar production with the lower ethanol prices.Big Picture Sugar Market Factors: Bullish factors for sugar include (1) Conab's hike in its Brazil 2018/19 ethanol production estimate to a record 32.2 bln liters (+18.6% y/y), citing the action by Brazil's sugar millers to divert less cane juice to produce sugar as global sugar inventories are seen rising and prices are falling, (2) concern about smaller global production after Unica forecasted that Brazil's Center South 2018/19 sugar production will fall -28% y/y to 26 MMT, and (3) signs that sugar exports from India, the world’s second-biggest sugar producer, may ease after India's Prime Minister's Office said it is considering raising the minimum selling price of sugar to 31 rupees/kg from 29 rupees/kg, which may curb India's sugar exports. Bearish factors include (1) ISO's forecast that global 2018/19 sugar production will rise +0.6% y/y to a record 185.2 MMT and that there will be a 2018/19 sugar surplus of 2.2 MMT (vs 2017/18's 7.3 MMT), (2) USDA's FAS forecast for 2018/19 sugar production in India, the world's second-largest sugar producer, to climb +5.2% y/y to a record 35.87 MMT, (3) record sugar output from Thailand, the world's fourth-largest sugar producer, after the Thailand Office of Cane and Sugar Board reported that Thailand 2017/18 sugar production rose to a record 14.47 MMT, (4) the recent plunge in crude oil prices to a 17-month low, which is negative for ethanol prices and may prompt Brazil's sugar mills to divert less cane to making ethanol, thus increasing sugar supplies.

Contract Specifications

See More
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. CST
Exchange
ICE/US
Point Value
$1,120
Margin/Maintenance
$1,047/952
First Notice Date
05/01/19 (100 days)
Expiration Date
04/30/19 (99 days)

Seasonal Chart

Sugar #11 May '19
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Dec 18, 2018

View Chart Details
Commercials - Long / Short
470,585 (+22,539)
487,203 (-7,903)
Non-Commercials - Long / Short
163,519 (+1,778)
162,957 (+25,971)
Producers - Long / Short
263,408 (+24,686)
429,093 (-8,912)
Swap Dealers - Long / Short
187,218 (-2,805)
38,151 (+351)
Managed Money - Long / Short
114,706 (-1,874)
143,888 (+28,162)
Other Reportables - Long / Short
48,813 (+3,652)
19,069 (-2,191)
Get Realtime - Quotes and Charts for Futures Traders. Learn More

Price Performance

See More
Period Period Low Period High Performance
1-Month
11.82 +11.34%
on 01/03/19
13.37 -1.57%
on 01/16/19
+0.78 (+6.30%)
since 12/18/18
3-Month
11.82 +11.34%
on 01/03/19
14.29 -7.91%
on 10/24/18
-0.78 (-5.60%)
since 10/18/18
52-Week
10.94 +20.29%
on 09/27/18
15.25 -13.70%
on 02/08/18
-1.33 (-9.18%)
since 01/18/18

More Sugar #11 Quotes

All Futures
Please wait...

Most Recent Stories

More News
Coffee Prices Higher On Lower Supplies

Stay long...

Cotton Market News and Commentary

Cotton futures were 20 to 48 points lower in most contracts on Friday. Nearby March was up 1.93% this week. Traders were taking profits ahead of the long weekend, with pressure also from a higher US dollar....

Cocoa Market News and Commentary

March ICE NY cocoa (CCH19) on Friday closed down -28 (-1.20%) and March ICE London cocoa (CAH19) closed down -13 (-0.77%). Cocoa prices retreated Friday on demand concerns after the National Confectioners...

Sugar Market News and Commentary

March NY world sugar #11 (SBH19) on Friday closed up +0.18 (+1.40%) and March ICE London white sugar (SWH19) closed up +4.70 (+1.35%). Sugar prices moved higher Friday after crude oil prices rallied to...

Coffee Market News and Commentary

March arabica coffee (KCH19) on Friday closed up +2.55 (+2.49%) and March ICE robusta coffee (RMH19) closed up +9 (+0.59%). Coffee prices rallied to 1-week highs Friday on positive carry-over from Thursday's...

Cotton Market News and Commentary

Cotton futures are trading 5 to 28 points lower in the front months on Friday, with a higher dollar at midday. Traders are taking profits ahead of the long weekend. The markets will be closed on Monday...

Cocoa Market News and Commentary

March ICE NY cocoa (CCH19) this morning is down -25 (-1.07%) and March ICE London cocoa (CAH19) is down -12 (-0.71%). Cocoa prices are lower this morning on demand concerns after the National Confectioners...

Coffee Market News and Commentary

March arabica coffee (KCH19) this morning is up +2.35 (+2.25%) and March ICE robusta coffee (RMH19) is up +8 (+0.52%). Coffee prices rallied to 1-week highs this morning on positive carry-over from Thursday's...

Sugar Market News and Commentary

March NY world sugar #11 (SBH19) this morning is up +0.04 (+0.31%) and March ICE London white sugar (SWH19) is up +1.20 (+0.34%). Sugar prices received a boost this morning from a rally in crude oil prices...

Softs Report 01/18/19

DJ U.S. Weighs Lifting China Tariffs to Hasten Trade Deal, Calm Markets By Bob Davis in Washington and Lingling Wei in Beijing U.S. [...]

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 56% Buy with a Weakening short term outlook on maintaining the current direction.

Longer term, the trend strength is Weak. Long term indicators fully support a continuation of the trend.

The market is approaching overbought territory. Be watchful of a trend reversal.

See More Share

Key Turning Points

2nd Resistance Point 13.34
1st Resistance Point 13.25
Last Price 13.16s
1st Support Level 13.03
2nd Support Level 12.90

See More

52-Week High 15.25
Fibonacci 61.8% 13.60
Last Price 13.16s
Fibonacci 50% 13.09
Fibonacci 38.2% 12.59
52-Week Low 10.94

See More

InsideFutures Commentary

InsideFutures 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.

Add Data Columns to this Table
Learn about our Custom Views
Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar