Sugar #11 Oct '19 (SBV19)
Sugar #11 Futures Market News and Commentary
May NY world sugar #11 (SBK20) on Tuesday closed up +0.01 (+0.07%), and May London white sugar #5 (SWK20) closed down -2.10 (-0.51%).
Sugar prices settled steady to slightly lower on Tuesday. Weakness in crude prices weighed on sugar prices Tuesday after crude oil fell -2.6% on Tuesday to a 2-week low. Lower crude prices are negative for ethanol prices and may prompt Brazil's sugar mills to divert more cane crushing toward sugar production rather than ethanol production, thus boosting sugar supplies.
Sugar prices saw support Tuesday on a report of reduced sugar output from Thailand, the world's fourth-biggest sugar producer. Thailand's Office of the Cane and Sugar Board on Tuesday reported that Thailand's sugar production from Dec 1 through Feb 23 was down by -8.1% y/y at 7.9 MMT. The Thailand Meteorological Department said this year's drought in Thailand is the worst in 40 years, which is slashing the country's sugar output. The Thai Sugar Millers Corp on Feb 7 foreca... Read more
- Softs Report 02/25/2020
COTTON General Comments: Cotton was sharply lower in reaction to news of the spread of the Caronavirus. It has now spread to South Korea, [...]
- Daily Grain & Cotton Commentary
Where is the bottom?
- Blue Line Breakfast Report - Cocoa Sugar Coffee OJ
We have expanded by adding a fully institutionalized research department with actionable trading recommendations. Our recommendations are comprised of...
- Livestock Report
Cattle limit down
- Softs Report 02/24/2020
COTTON General Comments: Cotton was a little higher in narrow range trading last week. A catalyst for any rally attempt has been the trade [...]
- Jumping Back On The Short Coffee Band Wagon
Coffee has rallied of late but is set to decline into seasonal weakness