Sugar #11 May '23 (SBK23)
Sugar #11 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Friday closed up +0.33 (+2.43%), and Aug London ICE white sugar #5 (SWQ26) closed up +7.80 (+1.82%).
Sugar prices extended this week's rally on Friday, with NY sugar posting a 1-week high and London sugar posting a 2-week high. Â Recent strength in the Brazilian real (^USDBRL) has fueled short covering in sugar futures. Â The real rallied to a 2-year high against the dollar on Thursday, discouraging export sales by Brazil's sugar producers.
The outlook for smaller Brazilian sugar output is supportive of prices. Â The USDA on Tuesday forecast Brazil's 2026/27 sugar production at 42.5 MMT, down -3% y/y, citing millers crushing more cane for ethanol than for sugar.
Signs of a smaller global sugar surplus are also supportive for prices. Â Covrig Analytics on Tuesday cut its 2026/27 global sugar surplus estimate to 800,000 MT from 1.4 MMT previously. Â On Monday, sugar trader Czarnikow cut its 2026/27 global sugar surplus estimate to 1.1 M... Read more
Barchart · 59 minutes ago
Cotton prices are up 97 to 105 points across most contracts on Monday. Futures were down 1 to 12 points across most front months on Friday, with May the...
Barchart · Fri Apr 24, 5:22PM CDT
Cotton futures were down 1 to 12 points across most front months on Friday, with May the lone hold out, up 20 points. May was still down 40 points this...
Barchart · Fri Apr 24, 1:25PM CDT
May NY world sugar #11 (SBK26 ) on Friday closed up +0.33 (+2.43%), and Aug London ICE white sugar #5 (SWQ26) closed up +7.80 (+1.82%). Sugar prices extended...
Barchart · Fri Apr 24, 1:23PM CDT
July ICE NY cocoa (CCN26 ) on Friday closed down -27 (-0.78%), and May ICE London cocoa #7 (CAK26 ) closed down -13 (-0.51%). Cocoa prices settled lower...
Barchart · Fri Apr 24, 1:21PM CDT
July arabica coffee (KCN26 ) on Friday closed down -5.45 (-1.81%), and May ICE robusta coffee (RMK26 ) closed down -9 (-0.24%). Coffee prices fell from...
Barchart · 13 minutes ago
It’s not exactly an encouraging time for the auto industry but GM stock may offer something in the tank for options traders.
Barchart · 21 minutes ago
Micron Technology is expected to announce its third-quarter results soon, and analysts are projecting a high triple-digit rise in its EPS.
Barchart · 28 minutes ago
Oil is off peak prices as tensions over the Iran war have subsided. As a result, oil stocks such as Chevron Corp. have dropped. But put option premiums...
Barchart · 43 minutes ago
General Mills is expected to announce its fourth-quarter earnings soon, and Wall Street expects the company’s EPS to increase by double digits.
Barchart · 51 minutes ago
Adobe is prepared to deliver its second-quarter results soon, with analysts predicting a double-digit earnings growth.
Barchart · 58 minutes ago
Soybeans are trading with 1 to 3 cent gains so far on Monday morning. Futures closed Friday with contracts steady to 4 cents higher, as May settled the...
Barchart · 58 minutes ago
Cotton prices are up 97 to 105 points across most contracts on Monday. Futures were down 1 to 12 points across most front months on Friday, with May the...
Barchart · 58 minutes ago
Live cattle futures were $1.22 to $1.77 higher at the Friday close, to limit the weekly loss for April to $1.65. Cash trade last week was centered around...
