Sugar #16 Nov '23 (SDX23)
Sugar #16 Futures Market News and Commentary
October NY world sugar #11 (SBV26) closed up +0.27 (+1.63%) on Monday, and October London ICE white sugar #5 (SWV26) closed up +11.80 (+2.31%).
Sugar prices settled sharply higher on Monday, with London sugar posting a 16-month high. The outlook for a global sugar deficit is underpinning sugar prices.
Sugar prices have surged this month, with NY sugar posting a 1.25-year high last Wednesday and London sugar posting a 16-month high today, driven by the outlook for tighter future sugar supplies. On August 3, Covrig Analytics said it now expects a global sugar deficit in 2026/27 of -300,000 MT, compared to a June forecast for a +100,00 MT surplus. Meanwhile, Green Pool Commodity Specialists on July 29 raised their global 2026/27 sugar deficit to -3.3 MMT from a June estimate of -1.76 MMT. StoneX on July 28 raised its 2026/27 global sugar deficit forecast to -1.7 MMT from a May estimate of -550,000 MT. Sugar trader Czarnikow on June 11 cut its global 2026/27 sugar bala... Read more
Barchart · Mon Aug 17, 5:01PM CDT
Cotton futures are posted higher trade to close out Monday, with contracts up 16 to 68 points across the board. Crude oil was $2.55 higher, with the US...
Barchart · Mon Aug 17, 1:25PM CDT
October NY world sugar #11 (SBV26 ) closed up +0.27 (+1.63%) on Monday, and October London ICE white sugar #5 (SWV26 ) closed up +11.80 (+2.31%). Sugar...
Barchart · Mon Aug 17, 1:24PM CDT
September ICE NY cocoa (CCU26 ) closed up +310 (+5.41%) on Monday, and September ICE London cocoa #7 (CAU26 ) closed up +178 (+4.32%). Cocoa prices rallied...
Barchart · Mon Aug 17, 1:22PM CDT
September arabica coffee (KCU26 ) closed up +7.00 (+2.07%) on Monday, and September ICE robusta coffee (RMU26 ) closed up +49 (+1.35%). Coffee prices settled...
Barchart · Mon Aug 17, 11:33AM CDT
Cotton futures are continuing to climb on Monday’s midday, with contracts up 65 to 75 points in the front months. Crude oil is just a penny per barrel...
Barchart · 22 minutes ago
ServiceNow has significantly underperformed the market, but analysts remain bullish, citing strong earnings growth and substantial upside to price targets....
Barchart · 27 minutes ago
Omnicom Group has underperformed the broader market, while analysts remain moderately optimistic regarding its long-term growth.
Barchart · 31 minutes ago
While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to...
Barchart · 34 minutes ago
Xylem has underperformed the broader market, while analysts remain moderately optimistic about its future prospects.
Barchart · 34 minutes ago
CMS Energy has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.
Barchart · 37 minutes ago
Air Products and Chemicals has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects....
Barchart · 40 minutes ago
Bio-Techne has outperformed the broader market over the past year, but analysts are cautious about the stock’s prospects.
Barchart · 43 minutes ago
Paychex has underperformed the broader market over the past year, and analysts are cautious about the stock’s prospects.