No 5 White Sugar Cash (SWY00)
No 5 White Sugar Futures Market News and Commentary
October NY world sugar #11 (SBV26) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26) closed down -9.90 (-1.89%).
Sugar prices gave up an early advance on Friday and sold off sharply, as weakness in the Brazilian real prompted long liquidation in sugar futures. The real (^USDBRL) fell to a 2-week low against the dollar on Friday, encouraging export sales from Brazil’s sugar producers.
An excessive long position by funds in London sugar could exacerbate any long liquidation pressures. Friday’s weekly Commitment of Traders (COT) data showed funds boosted their long positions in London ICE white sugar by 2,830 net-long positions in the week ended Aug 25 to a record 70,766, the most since data began in 2011.
Sugar prices have rallied sharply over the past month, with NY sugar posting a 16.5-month high on Friday and London sugar posting a 17-month high on Thursday. The outlook for smaller global sugar supplies is underpinning prices. ... Read more
Barchart · Fri Aug 28, 4:36PM CDT
Cotton futures faced pressure to close the week with Friday losses of 19 to 114 points across the board. December still held up for a weekly gain of 303...
Barchart · Fri Aug 28, 1:26PM CDT
October NY world sugar #11 (SBV26 ) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26 ) closed down -9.90 (-1.89%). Sugar...
Barchart · Fri Aug 28, 1:24PM CDT
December ICE NY cocoa (CCZ26 ) closed up +475 (+7.69%) on Friday, and September ICE London cocoa #7 (CAU26 ) closed up +385 (+8.77%). Cocoa prices soared...
Barchart · Fri Aug 28, 1:23PM CDT
December arabica coffee (KCZ26 ) closed up +3.20 (+1.03%) on Friday, and November ICE robusta coffee (RMX26 ) closed down -26 (-0.73%). Coffee prices settled...
Barchart · Fri Aug 28, 12:22PM CDT
Cotton futures are falling back at the end of the week, with contracts down 100 to 111 points across the front months at midday. Crude oil is up 4 cents...
Barchart · Fri Aug 28, 11:27AM CDT
October NY world sugar #11 (SBV26 ) is down -0.64 (-3.52%) today, and October London ICE white sugar #5 (SWV26 ) is down -13.20 (-2.52%). Sugar prices...
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