Sugar #11 Oct '18 (SBV18)
Sugar #11 Futures Market News and Commentary
Mar NY world sugar #11 (SBH20) on Monday closed down -0.05 (-0.41%), and Dec ICE London white sugar #5 (SWZ19) closed up +1.40 (+0.42%). Sugar prices settled mixed Monday with Mar NY sugar matching Friday's 3-1/2 week low. Weakness in the Brazilian real against the dollar Monday weighed on sugar prices with the real down -0.66% against the dollar. A weaker real encourages export selling from Brazil's sugar producers. Another bearish factor was negative carry-over from last Thursday's forecast from Rabobank that it expects "significant" sugar exports from India in 2021 as ample rains boost India's 2020/21 sugar crop. A positive for sugar prices was last Friday's action by the USDA's FAS to cut its India 2019/20 sugar production estimate to 29.300 MMT from a May estimate of 30.305 MMT. Last Wednesday's sugarcane crushing data from Brazil's Center-South, the country's biggest sugar-producing region, was supportive for sugar prices after Unica reported that 35.1 MMT of total sugarcane was... Read more
- MARKET UPDATE - GRAINS, MEATS, SOFTS
ARE HOGS FINALLY GOING TO FILL THEIR GAP? Twice they have started to fill the gap made in September and twice they abruptly stopped and........
- Softs Report 10/21/19
COTTON General Comments: Cotton was higher on follow through buying tied to talk that the US and China were close to a partial deal [...]
- Daily Technical and Fundamental Outlook
Corn, Soybeans, Wheat, and Cotton!
- Softs Report 10/18/19
COTTON General Comments: Cotton was mixed as traders waited for demand news. Speculators hope China will buy US Cotton but so far China has [...]
- Softs Report 10/17/19
COTTON General Comments: Cotton was higher on what appeared to be speculative buying tied to hopes for increased Chinese demand. Speculators hope China...
- Cotton #2 DEC 2019
On Monday both 64.52 and 65.85 can firmly contain intraday activity. See more below.