White Sugar #5 Oct '26 (SWV26)
White Sugar #5 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Friday closed up +0.39 (+2.70%), and October London ICE white sugar #5 (SWV26) closed up +15.30 (+3.37%).
Sugar prices settled sharply higher on Friday, with London sugar posting a 1-week high. Soaring crude oil prices on Friday spurred short covering in sugar futures. WTI crude oil (CLQ26) surged more than +4% on Friday at a 1-month high, which benefits ethanol prices and could potentially prompt global sugar mills to divert more cane crushing toward ethanol production than sugar, thus curbing sugar supplies.Â
On Thursday, sugar prices tumbled to 3-week lows amid an improvement in India’s monsoon rains. India’s Meteorological Department reported Friday that India’s cumulative monsoon rainfall was 24% below normal as of July 17, a substantial improvement from 42% below normal on June 30.
An excessively long position in London ICE sugar by funds can exacerbate any price downturn. Friday’s weekly Commitment of Traders (COT) da... Read more
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October NY world sugar #11 (SBV26 ) on Friday closed up +0.39 (+2.70%), and October London ICE white sugar #5 (SWV26 ) closed up +15.30 (+3.37%). Sugar...
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