Sugar #16 Mar '26 (SDH26)
Sugar #16 Futures Market News and Commentary
October NY world sugar #11 (SBV26) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26) closed down -9.90 (-1.89%).
Sugar prices gave up an early advance on Friday and sold off sharply, as weakness in the Brazilian real prompted long liquidation in sugar futures. The real (^USDBRL) fell to a 2-week low against the dollar on Friday, encouraging export sales from Brazil’s sugar producers.
An excessive long position by funds in London sugar could exacerbate any long liquidation pressures. Friday’s weekly Commitment of Traders (COT) data showed funds boosted their long positions in London ICE white sugar by 2,830 net-long positions in the week ended Aug 25 to a record 70,766, the most since data began in 2011.
Sugar prices have rallied sharply over the past month, with NY sugar posting a 16.5-month high on Friday and London sugar posting a 17-month high on Thursday. The outlook for smaller global sugar supplies is underpinning prices. ... Read more
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October NY world sugar #11 (SBV26 ) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26 ) closed down -9.90 (-1.89%). Sugar...
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