Raw Sugar Update
V5 opened at 16.34 and began the session with relatively range-bound trading, briefly testing a low of 16.32 in the late morning. Through the midday period, prices gradually firmed, with buyers stepping in and lifting the market above the 16.45 level. Momentum picked up in the latter part of the session, pushing prices to the day’s high of 16.58, reflecting increased buying activity. The market ultimately closed at 16.54, near the session’s peak, indicating sustained upward pressure and a positive tone heading into the next trading day.
| Raw Sugar No.11 (SB) – ICE Futures US Softs | ||||||||
| Month | Open | High | Low | Sett | Chg | Last | Vol | O/I |
| Oct’25 | 16.34 | 16.58 | 16.32 | 16.49 | 0.24 | 16.54 | 55,401 | 384,217 |
| Mar’26 | 17.01 | 17.21 | 16.96 | 17.13 | 0.21 | 17.17 | 28,596 | 237,056 |
| May’26 | 16.73 | 16.88 | 16.69 | 16.82 | 0.16 | 16.86 | 11,891 | 98,769 |
| Jul’26 | 16.63 | 16.74 | 16.58 | 16.68 | 0.12 | 16.70 | 6,520 | 68,907 |
| Oct’26 | 16.81 | 16.94 | 16.79 | 16.87 | 0.08 | 16.88 | 3,568 | 44,302 |
| Mar’27 | 17.30 | 17.44 | 17.30 | 17.36 | 0.07 | 17.36 | 1,508 | 24,808 |
| May’27 | 17.03 | 17.10 | 16.97 | 17.02 | 0.05 | 17.03 | 514 | 12,431 |
| Jul’27 | 16.89 | 16.96 | 16.83 | 16.88 | 0.04 | 16.89 | 239 | 11,830 |
| Oct’27 | 17.02 | 17.05 | 16.94 | 16.99 | 0.03 | 17.00 | 85 | 9,124 |
| Mar’28 | – | – | – | 17.36 | 0.02 | 17.34 | 8 | 1,839 |
| May’28 | – | – | – | 17.04 | 0.02 | 16.89 | 23 | 708 |
| Total | 108,353 | 893,991 | ||||||
White Sugar Update
The V5 whites contract opened the session at 473.80 and quickly saw early selling pressure, with prices trending lower through the morning. This weakness extended until the market reached its intraday low of 469.80 by late morning, marking a drop of $4/mt from the open. From there, sentiment shifted as buying interest emerged, prompting a steady recovery. The rebound was gradual but consistent, with prices consolidating around the mid-472–473 range before breaking higher in the afternoon. Strength built into the later hours, supported by firm upward momentum and higher buying volumes, which pushed the market to its session high of 477.50, a level not seen earlier in the day. Although some potential minor profit-taking followed this peak, the market maintained most of its gains, closing strong at 476.00. The close near the top of the day’s range highlights a decisive shift from early bearish pressure to sustained bullish control into the session’s end.
| White Sugar No.5 (QW) – ICE Futures Europe Commodities | ||||||||
| Month | Open | High | Low | Sett | Chg | Last | Vol | O/I |
| Oct’25 | 473.80 | 477.50 | 469.80 | 474.90 | 3.60 | 476.00 | 6,552 | 55,166 |
| Dec’25 | 465.30 | 470.00 | 463.40 | 468.40 | 4.10 | 469.60 | 3,322 | 36,055 |
| Mar’26 | 469.80 | 473.50 | 467.90 | 472.40 | 4.00 | 473.50 | 1,377 | 19,496 |
| May’26 | 472.60 | 473.90 | 469.60 | 473.10 | 3.60 | 473.90 | 371 | 6,766 |
| Aug’26 | 473.30 | 473.70 | 470.60 | 472.80 | 2.80 | 473.40 | 241 | 5,013 |
| Oct’26 | 474.30 | 474.80 | 473.00 | 474.10 | 2.20 | 474.50 | 28 | 2,849 |
| Dec’26 | 477.00 | 477.00 | 476.90 | 477.40 | 1.70 | 476.90 | 5 | 1,925 |
| Mar’27 | 481.90 | 483.00 | 481.90 | 482.40 | 1.50 | 483.00 | 5 | 775 |
| May’27 | – | – | – | 484.10 | 1.50 | 477.60 | – | 205 |
| Aug’27 | – | – | – | 484.80 | 1.50 | 479.60 | – | 238 |
| Oct’27 | – | – | – | 485.20 | 1.50 | 478.80 | – | 130 |
| Dec’27 | – | – | – | 485.40 | 1.50 | – | – | 12 |
| Mar’28 | – | – | – | 485.50 | 1.50 | – | – | – |
| May’28 | – | – | – | 485.50 | 1.50 | – | – | – |
| Total | 11,901 | 128,630 | ||||||