White Sugar #5 May '28 (SWK28)
White Sugar #5 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Thursday closed down -0.14 (-0.93%), and Aug London ICE white sugar #5 (SWQ26) closed up +0.20 (+0.04%).
Sugar prices settled mixed on Thursday, with London sugar posting a 9.75-month nearest-futures high. NY sugar fell on Thursday, and London sugar erased most of its gains amid weakness in crude oil prices. WTI crude oil (CLQ26) tumbled to a 4.25-month low on Thursday, undercutting ethanol prices and potentially persuading global sugar millers to divert more cane crushing toward sugar production rather than ethanol, thereby boosting sugar supplies.
Sugar prices have rallied sharply this week, with NY sugar posting a 7-week high on Wednesday and London sugar posting a 9.75-month high on Thursday. Sugar prices are climbing 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 Wednesday that India’s... Read more
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October NY world sugar #11 (SBV26 ) on Thursday closed down -0.14 (-0.93%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.20 (+0.04%). Sugar...
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