White Sugar #5 Dec '24 (SWZ24)
White Sugar #5 Futures Market News and Commentary
July NY world sugar #11 (SBN26) today is up +0.05 (+0.37%), and Aug London ICE white sugar #5 (SWQ26) is up +2.70 (+0.61%).
Sugar prices are moving higher today on 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 today that India’s cumulative monsoon rainfall was 42% below normal as of June 24. India’s monsoon season runs from June through September.
Gains in sugar are limited today after WTI crude oil prices (CLN26) fell to a 3.5-month low, undercutting ethanol prices.  The weaker ethanol prices could potentially prompt the world’s sugar mills to divert cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.Â
On Monday, NY sugar fell to a 2-month low as the reopening of the Strait of Hormuz eased global supply disruptions. The reopening of the strait should also reduce global shipping rates, insuranc... Read more
Barchart · 17 minutes ago
Cotton futures are trading with midweek losses of 146 to 190 points so far on Wednesday. Crude oil is down another $2.61/bbl to $70.60. The US dollar index...
Barchart · 1 hour ago
July NY world sugar #11 (SBN26 ) today is up +0.05 (+0.37%), and Aug London ICE white sugar #5 (SWQ26 ) is up +2.70 (+0.61%). Sugar prices are moving higher...
Barchart · 1 hour ago
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Barchart · Wed Jun 24, 7:28AM CDT
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Barchart · Tue Jun 23, 4:20PM CDT
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