Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Stocks | Futures | Watchlist | More
or

White Sugar #5 Oct '19 (SWV19)

Get Real-Time Futures
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [ICE]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

White Sugar #5 Futures Market News and Commentary

Sugar Prices Slip on Speculation Rain in India Will Boost Sugar Yields

July NY world sugar #11 (SBN19) on Friday closed down by -0.01 (-0.08), and Aug ICE London white sugar #5 (SWQ19) closed down by -1.70 (-0.50%). Sugar prices moved lower Friday on the outlook for robust sugar yields in India, the world' second-largest sugar producer, after India's Meteorological Department forecast beneficial rains over the next week for the Maharashtra, Tamil Nadu, and Karnataka provinces, India top sugar producing provinces. India's Agriculture Ministry on Monday forecast India's 2018/19 sugarcane output will climb +5.1% y/y to a record 400.47 MMT. Losses in sugar were limited Friday on strength in the Brazilian real against which is just below Wednesday's 1-3/4 month high against the dollar. A stronger real discourages export selling by Brazil's sugar producers. Sugar prices rallied to 5-week highs Wednesday on signs of smaller supplies after Brazil's Trade Ministry on Tuesday reported that Brazil May sugar exports fell -15% y/y to 1.781 MMT. Robust global sugar output is negative for sugar prices and pushed July NY sugar down to a 7-3/4 month nearest-futures low last Monday. Conab projects that Brazil 2019/20 sugar production will climb by +17.4% y/y to 34.1 MMT and that Brazil's sugar mills will increase their percentage of cane crushing to produce sugar to 39.1% from 34.9% in 2018/19. In addition, the USDA last Thursday estimated that global 2019/20 sugar production will climb +1% y/y to 180.7 MMT and that global sugar consumption will climb by +1.4% y/y to 176.4 MMT. That will reduce global 2019/20 sugar ending stocks by -6.0% y/y to 47.8 MMT. Big Picture Sugar Market Factors: Bullish factors for sugar include (1) lower global production after Conab, Brazil's national crop agency, reported that Brazil 2018/19 sugar output in the marketing year ended March 31 fell -17.2% y/y to an 11-year low of 31.4 MMT, and (2) increased demand from Indonesia, the world's largest sugar importer, after Indonesia's Sugar Refiners Association said refiners may import 3.2 MMT of raw sugar in 2019, up +5.3% y/y. Bearish factors include (1) Conab's forecast for Brazil 2019/20 sugar production to climb by +17.4% y/y to 34.1 MMT and that Brazil's sugar mills will increase their percentage of cane crushing to produce sugar to 39.1% from 34.9% in 2018/19, (2) the USDA's projection for global 2019/20 sugar production to climb +1% y/y to 180.7 MMT, (3) the forecast from India's Agriculture Ministry for India's 2018/19 sugarcane output to climb +5.1% y/y to a record 400.47 MMT, and (4) ISO's forecast that global 2018/19 sugar production rose +0.6% y/y to a record 185.2 MMT and that there was a 2018/19 sugar surplus of 2.2 MMT (vs 2017/18's 7.3 MMT).

Contract Specifications

See More
Contract
White Sugar #5
Contract Size
50 metric tonnes
Tick Size
10 cents per metric tonne ($5.00 per contract)
Trading Hours
8:45a.m. - 6:30p.m. GMT
Exchange
ICE
Point Value
$50
Expiration Date
09/13/19 (86 days)

Seasonal Chart

White Sugar #5 Oct '19
Average Price Chart for 5 Prior Oct Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
323.00 +4.77%
on 05/21/19
345.10 -1.94%
on 06/07/19
+12.50 (+3.84%)
since 05/17/19
3-Month
323.00 +4.77%
on 05/21/19
357.60 -5.37%
on 03/20/19
-19.20 (-5.37%)
since 03/19/19
52-Week
323.00 +4.77%
on 05/21/19
390.00 -13.23%
on 10/24/18
-13.60 (-3.86%)
since 06/19/18

More White Sugar #5 Quotes

All Futures
Please wait...

Most Recent Stories

More News
Cotton Showing Gains this Morning

Cotton futures are trading 29 to 84 points higher this morning. They ended Tuesday mixed, with nearby contracts 31 to 69 points higher and back months higher. President Trump this morning tweeted that...

Zaner Ag Hedge Newsletter +

Zaner Ag Hedge Newsletter +

EL : 177.88 (-0.70%)
COFFEE, CORN AND HOGS

A discussion on near term direction of Coffee, Corn and Hogs with recommendations.

Softs Report 06/18/19

Crop Progress Date 16-Jun 9-Jun 2018 Avg Cotton Planted 89 75 95 94 Cotton Squaring 19 11 21 18 Corn Planted [...]

Where Are Cotton Prices Going ?

Looking to buy

Livestock Report

Livestock holds support levels and rally

Softs Report 06/17/19

COTTON General Comments: Cotton was a little higher for the week as traders become more concerned about planting progress and crop development of this [...]

Cotton Market Up As Much as 74 Points This Morning

Cotton futures are trading 13 to 74 points higher this morning with nearby July much stronger than the rest of the months. Cotton closed 89 to 247 points lower on Friday. The stock market was higher all...

MARKET UPDATE - GRAINS, MEATS, SOFTS

FOX IN THE HEN HOUSE. I mentioned the other day the Grain Report coming out this Tuesday and the potential that the crop production portion could be......

Where Are Cotton Prices Going ?

A Break Out Is Looming

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 32% Sell with a Average short term outlook on maintaining the current direction.

Longer term, the trend strength is Soft. Long term indicators fully support a continuation of the trend.

See More Share

Key Turning Points

2nd Resistance Point 341.67
1st Resistance Point 340.33
Last Price 338.70
1st Support Level 337.43
2nd Support Level 335.87

See More

52-Week High 390.00
Fibonacci 61.8% 364.41
Fibonacci 50% 356.50
Fibonacci 38.2% 348.59
Last Price 338.70
52-Week Low 323.00

See More

InsideFutures Commentary

InsideFutures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar