The No. 11 New York May World Sugar (SBK26) closed Thursday down -0.29 (-1.90%), and the No. 5 London ICE May White Sugar (SWK26) closed down -6.40 (-1.45%). Sugar prices fell to two-week lows on Thursday and stabilized sharply lower. Underpriced sugar production in India was increased on Thursday after the National Federation of Cooperative…
World #11 New York May White Sugar (SBK26) today is up +0.28 (+1.97%), and London #5 May ICE White Sugar (SWK26) is up +11.40 (+2.76%). Sugar prices are rising today, with London sugar hitting a one-week high as higher crude oil prices encourage the world’s sugar mills to increase ethanol production at the expense of…
World sugar #11 for March in New York (SBH26) today rose +0.10 (+0.69%), and white sugar ICE #5 for May in London (SWK26) fell -0.30 (-0.07%). Sugar prices are mixed today, with New York sugar rising to a two-and-a-half-week high. The strength of the Brazilian real (^USDBRL) supports sugar prices. The real is up +0.33%…
New York March 11 World Sugar (SBH26) is up +0.04 (+0.27%) today. London March ICE #5 white sugar (SWH26) was down -0.50 (-0.12%). Sugar prices recovered from initial losses today and are trading mixed. Short covering emerged in sugar futures today after the Brazilian real (^USDBRL) rose to a 1.5-month high against the dollar. The…
World No. 11 New York March Sugar (SBH26) closed Friday up +0.39 (+2.68%). London March White Sugar ICE #5 (SWH26) closed up +10.20 (+2.44%). Sugar prices closed sharply on Friday amid short covering by funds ahead of a three-day weekend in the US, with markets closed on Monday for the Martin Luther King Day holiday….
New York March 11 World Sugar (SBH26) closed Tuesday down -0.13 (-0.87%), and London March 5 ICE White Sugar (SWH26) closed down -3.40 (-0.80%). Sugar prices retreated on Tuesday due to a drop in crude oil prices. WTI crude oil (CLF26) sank to a 4.75-year low on Tuesday, undermining ethanol prices and may lead the…
March sugar futures (SBH26) present a buying opportunity thanks to further price strength. See on the daily bar chart of March sugar futures that prices are trending upward. Also see at the bottom of the chart that the Moving Average Convergence Divergence (MACD) indicator is in a bullish stance as the red MACD line is…
New York March World Sugar #11 (SBH26) closed Monday up +0.04 (+0.27%), and London March White Sugar #5 ICE (SWH26) closed up +0.80 (+0.19%). Sugar prices rose on Monday as they continue to consolidate below one-month highs reached last Wednesday. Sugar is supported by recent news that India’s Food Ministry said it was considering raising…
World sugar #11 for March in New York (SBH26) today was down -0.44 (-2.80%), and white sugar ICE #5 for December in London (SWZ25) was down -13.10 (-2.93%). Sugar prices are selling off today, with NY Sugar matching last month’s closest 4.5-year futures low and London sugar posting a new 4.25-year low. The prospects for…
World sugar #11 for March in New York (SBH26) today was down -0.23 (-1.45%), and white sugar ICE #5 for December in London (SWZ25) was down -11.20 (-2.48%). Sugar prices are under pressure today, but remain above the lows reached on Tuesday. On Tuesday, New York sugar fell to a three-week low and London sugar…
