White Sugar #5 Aug '20 (SWQ20)
White Sugar #5 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Friday closed up +0.08 (+0.54%), and October London ICE white sugar #5 (SWV26) closed up +1.00 (0.22%).
Sugar prices on Friday closed mildly higher on a slightly weaker dollar and on some pre-weekend short-covering after posting a 1-week low earlier in the session.
Sugar prices on Friday were undercut as WTI crude oil (CLQ26) fell more than -3%, giving back about half of Thursday’s 6% rally. Friday’s fall in oil prices was bearish for ethanol prices, which may encourage sugar mills worldwide to divert less cane crushing toward ethanol production than sugar, thus boosting sugar supplies.
President Trump announced late Thursday broad Section 301 tariffs ranging from 10% to 12.5% on 60 nations, citing a forced labor rationale, replacing the 10% global import tax that expired and the previous reciprocal tariff that the US Supreme Court struck down. However, the new Section 301 tariffs apparently will not affect US sugar imports,... Read more
Barchart · Fri Jul 24, 5:12PM CDT
Cotton futures closed Friday with front month losses of 7 to 129 points and deferreds up 3 to 4 points. December was up 135 points on the week. Crude oil...
Barchart · Fri Jul 24, 2:04PM CDT
October NY world sugar #11 (SBV26 ) on Friday closed up +0.08 (+0.54%), and October London ICE white sugar #5 (SWV26 ) closed up +1.00 (0.22%). Sugar prices...
Barchart · Fri Jul 24, 2:01PM CDT
September ICE NY cocoa (CCU26 ) on Friday closed up +75 (+1.41%), and September ICE London cocoa #7 (CAU26 ) closed up +49 (+1.23%). Cocoa prices on Friday...
Barchart · Fri Jul 24, 1:48PM CDT
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Barchart · Fri Jul 24, 12:22PM CDT
Cotton futures are trading with 74 to 95 point losses across most contracts on Friday, facing some outside pressure. Crude oil is back down $3.96 per barrel,...
Barchart · Sat Jul 25, 2:30PM CDT
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