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Sugar #11 Jul '21 (SBN21)
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Sugar #11 Futures Market News and Commentary

Sugar Prices Climb on the Outlook for Smaller Global Supplies

July NY world sugar #11 (SBN23) on Friday closed up +0.54 (+2.17%), and Aug London white sugar #5 (SWQ23) closed up +11.50 (+1.65%).

Sugar prices garnered support Friday from Thursday's bi-annual report from the USDA that projected that 2023/24 global sugar ending stocks will fall to a 5-year low.  

In Thursday's bi-annual report, the USDA projects global 2023/24 sugar production will climb +6.0% y/y to a record 187.881 MMT and that global 2023/24 human sugar consumption will increase +2.3% y/y to a record 180.045 MMT.  The USDA is forecasting that 2023/24 global sugar ending stocks will fall -15.2% y/y to a 5-year low of 33.455 MMT.

Ramped-up Brazil sugar production is bearish for prices after Unica Thursday reported  Brazil's 2023/24 sugar production through mid-May was up +48% y/y at 4.063 MMT and that the percentage of sugarcane crushed for sugar rose to 45.6% from 38.5% last year.  

Last month, sugar prices rallied to 11-year highs on the outlook for tig... Read more

Contract Specifications

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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. (Settles 11:55a.m.) CST
Exchange
ICE/US
Point Value
$1,120
Margin/Maintenance
$1,478/1,344
First Notice Date
07/01/21
Expiration Date
06/30/21 (expired)

Seasonal Chart

Sugar #11 Jul '21
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of May 23, 2023

View Chart Details
Commercials - Long / Short
386,150 (+6,847)
709,473 (+6,787)
Non-Commercials - Long / Short
350,244 (+9,758)
76,434 (+6,777)
Producers - Long / Short
248,437 (+5,276)
461,911 (+5,582)
Swap Dealers - Long / Short
92,196 (+687)
202,045 (+321)
Managed Money - Long / Short
274,437 (+9,649)
47,009 (-173)
Other Reportables - Long / Short
75,807 (+109)
29,425 (+6,950)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
16.19 +8.89%
on 06/21/21
17.93 -1.67%
on 06/02/21
+0.27 (+1.56%)
since 05/28/21
3-Month
14.67 +20.18%
on 04/01/21
18.25 -3.40%
on 05/12/21
+2.78 (+18.72%)
since 03/30/21
52-Week
11.60 +51.98%
on 07/14/20
18.25 -3.40%
on 05/12/21
+5.63 (+46.92%)
since 06/30/20

More Sugar #11 Quotes

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Sugar Prices Climb on the Outlook for Smaller Global Supplies

July NY world sugar #11 (SBN23 ) on Friday closed up +0.54 (+2.17%), and Aug London white sugar #5 (SWQ23 ) closed up +11.50 (+1.65%). Sugar prices garnered support Friday from Thursday's bi-annual report...

SBN23 : 25.37s (+2.17%)
SWQ23 : 708.50s (unch)
Arabica Coffee Settles Lower as Brazil's Coffee Harvest Accelerates

July arabica coffee (KCN23 ) on Friday closed down -1.10 (-0.60%), and July ICE robusta coffee (RMN23 ) closed up +21 (+0.82%). Coffee prices Friday settled mixed, with arabica falling to a 1-1/2 month...

KCN23 : 181.60s (-0.60%)
RMN23 : 2,574s (unch)
DXY00 : 104.275 (+0.07%)
Coffee Prices Mixed as Dollar Strength Weighs on Arabica

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Cotton Firming Up for Weekend

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Cotton Market Closes Triple Digits Lower

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DXM23 : 104.136s (unch)
CTN23 : 83.35s (+4.03%)
CTV23 : 81.03s (+2.71%)
CTZ23 : 80.54s (+2.60%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 18.39
2nd Resistance Point 18.01
1st Resistance Point 17.82
Last Price 17.63s
1st Support Level 17.25
2nd Support Level 16.87
3rd Support Level 16.68

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52-Week High 18.25
Last Price 17.63s
Fibonacci 61.8% 15.71
Fibonacci 50% 14.93
Fibonacci 38.2% 14.14
52-Week Low 11.60

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