Sugar #11 May '24 (SBK24)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Tuesday closed up +0.05 (+0.35%), and Aug London ICE white sugar #5 (SWQ26) closed up +1.00 (+0.214%).
Sugar prices settled higher for a fourth session on Tuesday, with NY sugar posting a 6-week high. Sugar prices are climbing amid concerns that weak monsoon rains in India will lower sugar yields and reduce the country’s sugarcane harvest, the world’s second largest. India’s Meteorological Department reported on Monday that India’s cumulative monsoon rainfall was 42% below normal as of June 29. India’s Earth Science Ministry warns that this year’s monsoon in India could be the weakest in 11 years. India’s monsoon season runs from June through September.Â
As a bullish factor, Unica last Monday reported that 2026/27 Brazil Center-South sugar production through May is 6.838 MMT, down -2.0% y/y as millers ramped up ethanol production. The percent of sugarcane used for sugar by Brazil’s sugar mills dropped to 41.42% from 50.09% as cane cr... Read more
Barchart · Tue Jun 30, 5:25PM CDT
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Barchart · Tue Jun 30, 1:23PM CDT
July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.05 (+0.35%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +1.00 (+0.214%). Sugar prices...
Barchart · Tue Jun 30, 1:22PM CDT
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Barchart · Tue Jun 30, 1:21PM CDT
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Barchart · Tue Jun 30, 11:45AM CDT
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Barchart · Tue Jun 30, 11:27AM CDT
July NY world sugar #11 (SBN26 ) today is up +0.05 (+0.35%), and Aug London ICE white sugar #5 (SWQ26 ) is up +4.00 (+0.84%). Sugar prices are moving higher...
Barchart · Tue Jun 30, 6:30PM CDT
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Barchart · Tue Jun 30, 5:25PM CDT
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Barchart · Tue Jun 30, 5:25PM CDT
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Barchart · Tue Jun 30, 5:25PM CDT
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Barchart · Tue Jun 30, 5:25PM CDT
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Barchart · Tue Jun 30, 4:26PM CDT
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