White Sugar #5 Mar '29 (SWH29)
White Sugar #5 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Monday closed down -0.13 (-0.87%), and Aug London ICE white sugar #5 (SWQ26) closed down -4.00 (-0.86%).
Sugar prices moved lower on Monday for a second session and posted 2-week lows. An improvement in India’s monsoon rains is weighing on sugar prices after India’s Meteorological Department reported today that India’s cumulative monsoon rainfall was 19% below normal as of July 13, a substantial improvement from 42% below normal on June 30.
Sugar prices rebounded from their worst levels on Monday after crude oil prices surged. WTI crude oil (CLQ26) soared by more than +9% on Monday to a 3.5-week high, which benefits ethanol prices and could persuade global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
An excessively long position in London ICE sugar by funds can exacerbate any price downturn. Last Friday’s weekly Commitment of Traders (COT) data showed fund... Read more
Barchart · 31 minutes ago
September coffee futures present a buying opportunity on more price strength.
Barchart · Tue Jul 14, 7:29AM CDT
Cotton prices are down 50 to 64 points so far on Tuesday morning. Futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude...
Barchart · Mon Jul 13, 5:22PM CDT
Cotton futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions...
Barchart · Mon Jul 13, 1:27PM CDT
October NY world sugar #11 (SBV26 ) on Monday closed down -0.13 (-0.87%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -4.00 (-0.86%). Sugar...
Barchart · Mon Jul 13, 1:26PM CDT
September ICE NY cocoa (CCU26 ) on Monday closed down -223 (-3.68%), and September ICE London cocoa #7 (CAU26 ) closed down -149 (-3.31%). Cocoa prices...
Barchart · 5 minutes ago
Investing is as much about timing as it is about quality.
Barchart · 19 minutes ago
Norfolk Southern is set to report its second-quarter results later this month, and analysts predict a single-digit drop in the company’s bottom-line...
Barchart · 20 minutes ago
Oracle's stock has crashed amid growing investor concerns about the company's aggressive AI infrastructure spending, rising debt, equity dilution, and...
Barchart · 30 minutes ago
While Black-Scholes applies a low probability on a particular options spread, ICE stock may have more upside potential than it’s given credit for.
Barchart · 32 minutes ago
September coffee futures present a buying opportunity on more price strength.
Barchart · 36 minutes ago
The dollar index (DXY00 ) is down by -0.55% today. The dollar is retreating today after US June consumer prices rose less than expected, a dovish factor...
Barchart · 37 minutes ago
Corning is set to announce its second-quarter earnings this month, and Wall Street forecasts a double-digit rise in its bottom line.
Barchart · 38 minutes ago
Elon Musk revived his “Scam Altman” jab after Apple’s lawsuit against OpenAI. Altman fired back, questioning SpaceX’s orbital AI plans as investors...