White Sugar #5 May '15 (SWK15)
White Sugar #5 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Tuesday closed up +0.08 (+0.52%), and Aug London ICE white sugar #5 (SWQ26) closed up +5.70 (+1.28%).
Sugar prices extended their two-week-long rally on Tuesday and rose to 1-month highs. Â Strength in the Brazilian real is boosting sugar prices as the real (^USDBRL) rallied to a 2.25-year high against the dollar on Tuesday, discouraging export sales from Brazil's sugar producers. Â
The recent surge in gasoline prices (RBM26) to a 3.75-year high is also bullish for sugar, as higher gasoline prices boost ethanol prices and could persuade the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thereby curbing sugar supplies.
Concerns that future global sugar supplies will shrink are supportive of sugar prices. Â Last Friday, Green Pool Commodity Specialists raised their global 2026/27 sugar deficit estimate to -4.30 MMT from -1.66 MMT, citing a shift toward higher ethanol production at the exp... Read more
Barchart · Wed May 6, 7:28AM CDT
Cotton price action is down 180 to 200 points so far on Wednesday morning. Futures were in turnaround action on Tuesday, as contracts closed with 130 to...
Barchart · Tue May 5, 5:18PM CDT
Cotton futures were in turnaround action on Tuesday, as contracts closed with 130 to 188 point gains at the close. The US dollar index is $0.108 higher...
Barchart · Tue May 5, 1:30PM CDT
July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.08 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +5.70 (+1.28%). Sugar prices...
Barchart · Tue May 5, 1:28PM CDT
July ICE NY cocoa (CCN26 ) on Tuesday closed up +191 (+4.92%), and July ICE London cocoa #7 (CAN26 ) closed up +3.80 (+14.14%). Cocoa prices rallied sharply...
Barchart · Tue May 5, 1:26PM CDT
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Barchart · Tue May 5, 12:27PM CDT
Cotton futures are trading with 134 to 265 point gains on Tuesday. The US dollar index is $0.068 higher at $98.330. Crude oil is down $4.35 to $102.07....
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