Sugar #11 Oct '23 (SBV23)
Sugar #11 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Monday closed down -0.07 (-0.51%), and May London ICE white sugar #5 (SWK26) closed down -1.10 (-0.27%).
Sugar prices extended their 2-week decline on Monday, sliding to 6-week lows, pressured by expectations of abundant global supplies. Last Tuesday, India's Food Secretary said the government has no plans to ban sugar exports this year, easing concerns that it could divert more sugar to make ethanol following the Iran war disruption to crude oil supplies.
Sugar prices are also under pressure when India's National Federation of Cooperative Sugar Factories Ltd. on April 2 reported that India's 2025-26 sugar output from Oct 1-Mar 31 was up +9% y/y to 27.12 MMT.
Higher sugar production in Brazil is also bearish for sugar prices. On March 27, Unica reported that cumulative 2025-26 Center-South sugar output (October through mid-March) is up +0.7% y/y to 40.25 MMT, with sugar mills boosting the amount of cane crushed for sugar to 50.... Read more
Barchart 1 hour ago
May NY world sugar #11 (SBK26 ) on Monday closed down -0.07 (-0.51%), and May London ICE white sugar #5 (SWK26 ) closed down -1.10 (-0.27%). Sugar prices...
Barchart 1 hour ago
May ICE NY cocoa (CCK26 ) on Monday closed up +32 (+0.99%), and May ICE London cocoa #7 (CAK26 ) closed up +28 (+1.16%). Cocoa prices recovered from early...
Barchart 1 hour ago
May arabica coffee (KCK26 ) ton Monday closed up +0.75 (+0.25%), and May ICE robusta coffee (RMK26 ) closed up +27 (+0.81%). Coffee prices settled higher...
Barchart Mon Apr 13, 12:22PM CDT
Cotton are extending the gains, with contracts up 40 to 66 points at midday. The US dollar index is $0.039 lower at $98.400. Crude oil is back up just...
Barchart Mon Apr 13, 11:24AM CDT
May NY world sugar #11 (SBK26 ) today is down -0.01 (-0.07%), and May London ICE white sugar #5 (SWK26 ) is down -0.40 (-0.10%). Sugar prices are slightly...
Barchart 5 minutes ago
June Euro currency futures present a buying opportunity on more price strength.
Barchart 6 minutes ago
CoreWeave recently expanded its AI infrastructure agreement with Meta Platforms, valued at approximately $21 billion.
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While ORCL stock may have what some may consider a “cheap” valuation, a legitimate analysis must ask the question: relative to what?
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The dollar index (DXY00 ) on Monday fell by -0.24%. The dollar gave up an early advance on Monday and fell to a 1.25-month low after stocks recovered...
Barchart 46 minutes ago
May WTI crude oil (CLK26 ) on Monday closed up +2.51 (+2.60%), and May RBOB gasoline (RBK26 ) closed up +0.0787 (+2.59%). Crude oil and gasoline prices...
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Waymo can boost GOOGL stock in the long term, but the name is facing an important, short-term, and negative catalyst.
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May Nymex natural gas (NGK26 ) on Monday closed down -0.021 (-0.79%). Nat-gas prices retreated on Monday, sinking to a 17-month low. Forecasts for above-normal...
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One KeyBanc analyst believes that both Intel and AMD will benefit from higher CPU demand.
