White Sugar #5 May '17 (SWK17)
White Sugar #5 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Friday closed up +0.15 (+1.03%), and Aug London ICE white sugar #5 (SWQ26) closed up +0.10 (+0.02%).
Sugar prices settled higher on Friday, supported by strength in the Brazilian real. Â The real (^USDBRL) rose +0.56% on Friday, just below Wednesday's 2.25-year high. Â The stronger real discourages export sales from Brazil's sugar producers.
On Thursday, sugar prices fell to 1-week lows after gasoline prices (RBM26) fell by more than 8% over the past three sessions, which undercut ethanol prices and weighed on sugar prices. Â According to Covrig Analytics, falling ethanol prices are already prompting Brazilian sugar mills to divert sugarcane away from ethanol production toward sugar, as sugar prices are currently 0.7 to 1 cent per pound more profitable to produce than ethanol. Â
Last Thursday, Unica reported that 2026/27 Brazil Center-South sugar production in the first half of April fell -11.9% y/y to 647 MT, with mills cutting the... Read more
Barchart · Fri May 8, 5:25PM CDT
Cotton futures rounded out the Friday session with contracts up 41 to 177 points at the close, with July up 54 points this week. The US dollar index was...
Barchart · Fri May 8, 1:37PM CDT
July NY world sugar #11 (SBN26 ) on Friday closed up +0.15 (+1.03%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.10 (+0.02%). Sugar prices...
Barchart · Fri May 8, 1:35PM CDT
July ICE NY cocoa (CCN26 ) on Friday closed down -245 (-5.53%), and July ICE London cocoa #7 (CAN26 ) closed down -180 (-5.46%). Cocoa prices settled sharply...
Barchart · Fri May 8, 1:33PM CDT
July arabica coffee (KCN26 ) on Friday closed up +1.55 (+0.57%), and July ICE robusta coffee (RMN26 ) closed down -18 (-0.52%). Coffee prices settled mixed...
Barchart · Fri May 8, 12:25PM CDT
Cotton futures are trading with 140 to 155 points in the green on Friday. The US dollar index is $0.139 lower at $97.805. Crude oil is up $1.03 at 95.84...
Barchart · Fri May 8, 11:32AM CDT
July NY world sugar #11 (SBN26 ) today is up +0.19 (+1.31%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.40 (+0.32%). Sugar prices are climbing...
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