Today No.11 market opened at 17.91, 1 point above yesterday’s settlement and the market was calm for the following hours until noon when volume increased and market started to go up to the 18.10s range trading sideways until 1pm. More volume was added at that point and the market went up strongly reaching 18.48 around 4h15pm. In the last 2 trading hours, market kept goings sideways, getting the daily high of 18.49 in this run, closing at 18.46. The settlement price was 18.47 a +.57 change from the previous settlement (+3.18 % change). Oct 22 volume was 75k lots, the highest volume of the month. The spread also sharply rose closing at +0.20 (+67% day change).
Today the white sugar market kept the previous day’s movement with a slight increase. During the morning, the market was calm, prices rose slightly to 554, staying around the 548.50 – 551 range until the early afternoon when a bullish movement printed in the market. Sugar prices followed other commodities movement for the next 2 hours when the market kept rising constantly with the Oct’22 at 559 around 2h20pm. Right after it, the market dropped but had a fast recovery with another upward movement renewing a new high at 560. Oct’22 closed at 559.9, representing an increase of 12USD/Mt (+2.19%) based on yesterday`s close, with the White premium at 152.71, and the Oct/Dec’22 spread at 29.4.
