Sugar #11 Oct '18 (SBV18)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) today is up +0.40 (+2.64%), and October London ICE white sugar #5 (SWV26) is up +9.40 (+1.97%).
Sugar prices are sharply higher today, with NY sugar posting a 4.25-month nearest-futures high and London sugar posting a 1-month high. Lower sugar output in Brazil is pushing prices higher today after Unica reported that Brazil Center-South June sugar production fell -26.3% y/y to 3.903 MMT.
Since posting a 5-month low last Thursday, sugar prices have moved higher on the outlook for tighter future sugar supplies. On Monday, Covrig Analytics said it now expects a global sugar deficit in 2026/27 of -300,000 MT, compared to a June forecast for a +100,00 MT surplus. Meanwhile, Green Pool Commodity Specialists last Wednesday raised their global 2026/27 sugar deficit to -3.3 MMT from a June estimate of -1.76 MMT, and StoneX last Tuesday raised its 2026/27 global sugar deficit forecast to -1.7 MMT from a May estimate of -550,000 MT.
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Barchart · 43 minutes ago
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Barchart · 1 hour ago
October NY world sugar #11 (SBV26 ) today is up +0.40 (+2.64%), and October London ICE white sugar #5 (SWV26 ) is up +9.40 (+1.97%). Sugar prices are sharply...
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Barchart · Wed Aug 5, 1:34PM CDT
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