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Sugar #16 May '23 (SDK23)

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Sugar #16 Futures Market News and Commentary

Sugar Rallies as Gasoline Surge Boosts Ethanol

May NY world sugar #11 (SBK26) on Wednesday closed up +0.35 (+2.42%), and May London ICE white sugar #5 (SWK26) closed up +11.40 (+2.68%).

Sugar prices rallied sharply on Wednesday, with NY sugar posting a 1.5-month high and London sugar posting a 4.75-month high.   Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) rallied to a 3.5-year high on Wednesday, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar.  

Earlier this month, sugar prices plunged to 5.25-year nearest-futures lows on concern that a global sugar surplus will persist.  On February 11, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26.   Also, Green Pool Commodity Specialists said on January 29 that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27.  Meanwhile, StoneX... Read more

Contract Specifications

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Contract
Sugar #16
Contract Size
112,000 pounds (50 long tonnes)
Tick Size
0.01 cents per pound ($11.20 per contract)
Trading Hours
8:00a.m. - 12:00p.m. (Settles 12:00p.m.) CST
Exchange
ICE/US
Point Value
$1,120
Margin/Maintenance
$1,798/1,635
First Notice Date
04/11/23
Expiration Date
04/10/23 (expired)

Seasonal Chart

Sugar #16 May '23
Average Price Chart for 5 Prior May Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
36.65 +4.39%
on 04/04/23
39.95 -4.23%
on 04/03/23
-0.04 (-0.10%)
since 03/10/23
3-Month
35.88 +6.63%
on 01/11/23
39.95 -4.23%
on 04/03/23
+2.47 (+6.90%)
since 01/10/23
52-Week
34.60 +10.58%
on 09/22/22
39.95 -4.23%
on 04/03/23
+2.01 (+5.54%)
since 04/08/22

More Sugar #16 Quotes

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Most Recent Stories

More News
Cotton Slipping Back on Thursday Morning

Cotton prices are down 20 to 40 points early on Thursday morning. Futures crept lower into the Wednesday close, as contracts were down 1 to 18 points on the session. Crude oil was back up $3.61 to $99.82,...

CTN26 : 70.11 (-0.65%)
CTK26 : 68.20 (-0.73%)
CTZ26 : 72.38 (-0.36%)
Cotton Slips Lower on Wednesday

Cotton futures crept lower into the Wednesday close, as contracts were down 1 to 18 points on the session. Crude oil was back up $3.61 to $99.82, with the US dollar index up $0.725 to $100.055. The Seam...

CTN26 : 70.11 (-0.65%)
CTK26 : 68.20 (-0.73%)
CTZ26 : 72.38 (-0.36%)
Sugar Rallies as Gasoline Surge Boosts Ethanol

May NY world sugar #11 (SBK26 ) on Wednesday closed up +0.35 (+2.42%), and May London ICE white sugar #5 (SWK26 ) closed up +11.40 (+2.68%). Sugar prices rallied sharply on Wednesday, with NY sugar posting...

RBK26 : 3.1118 (+1.31%)
SBK26 : 15.40 (+4.05%)
SWK26 : 452.90 (+3.54%)
Cocoa Prices Fall on an Improved Supply Outlook

May ICE NY cocoa (CCK26 ) on Wednesday closed down -89 (-2.66%), and May ICE London cocoa #7 (CAK26 ) closed down -32 (-1.31%). Cocoa prices settled lower on Wednesday and have been under pressure over...

CCK26 : 3,330 (+2.15%)
CAK26 : 2,458 (+2.29%)
Arabica Coffee Closes Lower on a Bumper Brazil Crop and Abundant ICE Inventories

May arabica coffee (KCK26 ) on Wednesday closed down by -1.85 (-0.63%), and May ICE robusta coffee (RMK26 ) closed up +52 (+1.47%). Coffee prices settled mixed on Wednesday. The outlook for a bumper Brazil...

RMK26 : 3,655 (+2.12%)
KCK26 : 298.50 (+1.91%)
Cotton Mixed at Midday

Cotton futures are down 6 points to 9 points higher on Wednesday. Crude oil is back up $1.58 to $97.79, with the US dollar index up $0.270 to $99.610. The Seam showed sales on 15,400 bales on 3/17, averaging...

CTN26 : 70.11 (-0.65%)
CTK26 : 68.20 (-0.73%)
CTZ26 : 72.38 (-0.36%)
Soaring Gasoline Price Boosts Sugar

May NY world sugar #11 (SBK26 ) today is up +0.34 (+2.35%), and May London ICE white sugar #5 (SWK26 ) is up +11.10 (+2.61%). Sugar prices are moving sharply higher today, with NY sugar posting a 1.5-month...

RBK26 : 3.1118 (+1.31%)
SBK26 : 15.40 (+4.05%)
SWK26 : 452.90 (+3.54%)
Improved Supply Outlook and Ample Supplies Weigh on Cocoa Prices

May ICE NY cocoa (CCK26 ) today is down -70 (-2.09%), and May ICE London cocoa #7 (CAK26 ) is down -26 (-1.07%). Cocoa prices are moving lower today and have been under pressure over the last two sessions...

CCK26 : 3,330 (+2.15%)
CAK26 : 2,458 (+2.29%)
Arabica Coffee Slides on Prospects of a Bumper Brazil Coffee Crop

May arabica coffee (KCK26 ) today is down by -3.10 (-1.05%), and May ICE robusta coffee (RMK26 ) is up +59 (+1.67%). Coffee prices are mixed today. The outlook for a bumper Brazil coffee crop is weighing...

RMK26 : 3,655 (+2.12%)
KCK26 : 298.50 (+1.91%)
Cotton Falling Back on Wednesday AM Trade

Cotton price action is down 10 to 33 points so far on Wednesday. Futures closed the Tuesday session with contracts 48 to 70 points in the green on St Patrick’s Day. Some deferred contracts were up 5...

CTN26 : 70.11 (-0.65%)
CTK26 : 68.20 (-0.73%)
CTZ26 : 72.38 (-0.36%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 38.26
2nd Resistance Point 38.26
1st Resistance Point 38.26
Last Price 38.26s
1st Support Level 38.26
2nd Support Level 38.26
3rd Support Level 38.26

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52-Week High 39.95
Last Price 38.26s
Fibonacci 61.8% 37.91
Fibonacci 50% 37.28
Fibonacci 38.2% 36.64
52-Week Low 34.60

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