Sugar #11 Jul '25 (SBN25)
Sugar #11 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Monday closed down -0.10 (-0.72%), and Aug London ICE white sugar #5 (SWQ26) closed down -8.20 (-1.88%).
Sugar prices gave up an early advance on Monday and settled lower, as expectations of a bumper Brazilian sugar harvest are limiting near-term upside. Â Sugar prices initially moved higher on Monday, with NY sugar posting a 2-week high and London sugar posting a 3-week high after gasoline prices (RBM26) rallied to a 3.75-year high, which boosts ethanol prices and could prompt the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
Sugar prices have been under pressure for the past four weeks, with NY sugar falling to a 5.5-year low in the nearest futures contract on April 17 amid expectations of abundant global supplies and tepid demand. Â The April 15 expiration of the May London sugar contract saw 472,650 MT of deliveries to settle the contract, the most for a May c... Read more
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Barchart · Mon Apr 27, 1:25PM CDT
May NY world sugar #11 (SBK26 ) on Monday closed down -0.10 (-0.72%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -8.20 (-1.88%). Sugar prices...
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