Sugar #16 Jan '24 (SDF24)
Sugar #16 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Wednesday closed up +0.14 (+1.04%), and Aug London ICE white sugar #5 (SWQ26) closed up +1.70 (+0.40%).
Sugar prices settled higher on Wednesday, with London sugar posting a 1.5-week high. Â Short covering emerged in sugar futures on Wednesday as crude oil prices (CLM26) jumped more than +3%, 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.
The outlook for smaller Brazilian sugar output is supportive for prices. Â The USDA on Tuesday forecast Brazil's 2026/27 sugar production at 42.5 MMT, down -3% y/y, citing millers crushing more cane for ethanol than for sugar.
Signs of a smaller global sugar surplus are also supportive for prices. Â Covrig Analytics on Tuesday cut its 2026/27 global sugar surplus estimate to 800,000 MT from 1.4 MMT previously. Â On Monday, sugar trader Czarnikow cut its 2026/27 global sugar su... Read more
Barchart · Wed Apr 22, 5:10PM CDT
Cotton futures were under pressure on Wednesday, with contracts falling back 135 to 225 points across the front months. The US dollar index was 0.209 higher...
Barchart · Wed Apr 22, 1:28PM CDT
May NY world sugar #11 (SBK26 ) on Wednesday closed up +0.14 (+1.04%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +1.70 (+0.40%). Sugar prices...
Barchart · Wed Apr 22, 1:27PM CDT
May ICE NY cocoa (CCK26 ) on Wednesday closed up +119 (+3.70%), and May ICE London cocoa #7 (CAK26 ) closed up +92 (+3.80%). Cocoa prices settled sharply...
Barchart · Wed Apr 22, 1:25PM CDT
May arabica coffee (KCK26 ) on Wednesday closed up +13.40 (+4.64%), and May ICE robusta coffee (RMK26 ) closed up +82 (+2.37%). Coffee prices rallied sharply...
Barchart · Wed Apr 22, 12:18PM CDT
Cotton futures are under pressure on Wednesday, with contracts falling back 170 to 230 points across the front months. The US dollar index was 0.179 higher...
Barchart · Wed Apr 22, 11:25AM CDT
May NY world sugar #11 (SBK26 ) today is up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.20 (+0.28%). Sugar prices are moving higher...
Barchart · 15 minutes ago
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Barchart · Wed Apr 22, 6:30PM CDT
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Barchart · Wed Apr 22, 5:10PM CDT
Live cattle futures pulled off the early session lows on Wednesday, still closing with losses of 40 cents to $1.32. Early cash trade this week has come...
Barchart · Wed Apr 22, 5:10PM CDT
Soybeans rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. The cmdtyView national average Cash...
Barchart · Wed Apr 22, 5:10PM CDT
Cotton futures were under pressure on Wednesday, with contracts falling back 135 to 225 points across the front months. The US dollar index was 0.209 higher...
Barchart · Wed Apr 22, 5:10PM CDT
Lean hog futures were down 35 to 57 cents in the front months on Wednesday, with other contracts up 40 cents to $1.10. USDA’s national base hog price...
Barchart · Wed Apr 22, 5:10PM CDT
The wheat complex was lower across the three markets in the midweek session. Chicago SRW futures closed the Wednesday session with contracts down 2 to...
Barchart · Wed Apr 22, 5:10PM CDT
Corn futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower. May options...
