Sugar #16 Nov '23 (SDX23)
Sugar #16 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Friday closed up +0.43 (+3.17%), and Aug London ICE white sugar #5 (SWQ26) closed up +19.30 (+4.34%).
Sugar prices rallied sharply on Friday, with NY sugar climbing to a 2-week high and London sugar jumping to a 2.75-month high. Sugar prices are soaring amid concerns that weak monsoon rains in India will lower sugar yields and reduce the country’s sugarcane harvest, the world’s second-largest. India’s Meteorological Department reported on Friday that India’s cumulative monsoon rainfall was 42% below normal as of June 26. India’s Earth Science Ministry warns that this year’s monsoon in India could be the weakest in 11 years. India’s monsoon season runs from June through September.Â
As a bullish factor, Unica on Monday reported that 2026/27 Brazil Center-Soth sugar production through May is 6.838 MMT, down -2.0% y/y as millers ramped up ethanol production. The percent of sugarcane used for sugar by Brazil’s sugar mills dropped to 41.42... Read more
Barchart · Fri Jun 26, 5:19PM CDT
Cotton futures were down 9 to 174 points on Friday. July was down 577 points this week as December was 329 points lower. Crude oil was back down $1.40/bbl...
Barchart · Fri Jun 26, 1:25PM CDT
July NY world sugar #11 (SBN26 ) on Friday closed up +0.43 (+3.17%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +19.30 (+4.34%). Sugar prices...
Barchart · Fri Jun 26, 1:24PM CDT
September ICE NY cocoa (CCU26 ) on Friday closed down -152 (-2.90%), and July ICE London cocoa #7 (CAN26 ) closed down -100 (-2.56%). Cocoa prices settled...
Barchart · Fri Jun 26, 1:23PM CDT
September arabica coffee (KCU26 ) on Friday closed down -3.20 (-1.16%), and September ICE robusta coffee (RMU26 ) closed down -35 (-0.96%). Coffee prices...
Barchart · Fri Jun 26, 12:22PM CDT
Cotton futures are trading with 40 to 50 point losses, with nearby July down 275 points. Crude oil is back down $2.76 /bbl to $69.19. The US dollar index...
Barchart · Fri Jun 26, 11:23AM CDT
July NY world sugar #11 (SBN26 ) today is up +0.45 (+3.32%), and Aug London ICE white sugar #5 (SWQ26 ) is up +19.60 (+4.41%). Sugar prices are sharply...
Barchart · Sun Jun 28, 3:30PM CDT
SpaceX is reportedly preparing its next major Starlink expansion, a move that could reshape the telecom industry. Here's what it could mean for the company's...
Barchart · Sun Jun 28, 2:30PM CDT
Credo's revenue tripled last year, and analysts see SpaceX's emerging neocloud ambitions creating another major growth opportunity for the AI networking...
Barchart · Sun Jun 28, 12:30PM CDT
Gorilla Technology's massive AI compute deal and rising revenue guidance have analysts forecasting more than 135% upside for the stock.
Barchart · Sun Jun 28, 12:00PM CDT
Markets enter a holiday-shortened week facing geopolitical escalation as Iran launched new strikes against U.S. bases in Bahrain and Kuwait early Sunday....
Barchart · Sun Jun 28, 10:00AM CDT
Here's to play SpaceX amid the selloff triggered in part by a debt funding plan.
Barchart · Sun Jun 28, 9:45AM CDT
With President Trump's support of domestic quantum computing, Intel has emerged as a frontrunner this year.
Barchart · Sun Jun 28, 9:00AM CDT
Dell Technologies shares pulled back after GF Securities downgraded the stock, even as the company reported record Q1 fiscal 2027 revenue, driven by explosive...
Barchart · Sun Jun 28, 9:00AM CDT
Micron is enjoying a rally of almost 297% so far this year. Is it any wonder that Stifel reiterated its "Buy" rating on the stock?