Daily Market Price Updates and Commentary 29th May 2026

No.11 raw sugar futures saw a firmer start to the day, with Jul’26 advancing from early levels to reach a high at 14.35 by mid-morning as initial buying interest carried prices higher. This strength proved short-lived however, and the market began to roll over as late morning approached.

From around 11:00 onwards a steady phase of selling developed, with the market working its way lower in an orderly fashion rather than through any sharp or aggressive moves. Prices gradually slipped through the mid-14.20’s and into the low 14.10’s during the afternoon, with the consistent nature of the decline suggesting a persistent supply of sellers rather than a single wave of liquidation. Volume built modestly through this phase, though without the kind of spike typically associated with more forced activity.

Into the later stages the market remained heavy and continued to edge along the lower end of the range, with only limited attempts at recovery and little to disrupt the prevailing direction. A pickup in activity into the close saw Jul’26 hold close to the lows of the day, finishing at 14.07.

In the context of recent trade, this session adds to the gradual softening seen over recent days, with the orderly nature of today’s move reinforcing the lack of buying urgency and leaving the market drifting back towards the lower end of the broader range that has developed since the recovery from April’s lows.

No.5 white sugar futures showed a positive start to the session, with Aug’26 rallying from an early low at $427.30 and pushing up to a high at $440.40 by mid-morning. The move was relatively smooth and extended, with prices gaining traction quickly before encountering resistance at higher levels.

As the session progressed the advance began to lose momentum, and values gradually eased back from the highs through late morning and into the afternoon. The pullback developed in a fairly controlled manner, with no sharp break lower but a steady drift back into the upper $430’s as buying interest faded.

The broader direction was influenced by the softer move in No.11 during the latter part of the day, and while whites did not follow the same persistent downward pattern, the market did relinquish a portion of its earlier gains. Activity remained moderate through this phase, with the price moving within a relatively contained band and without any significant acceleration in either direction.

Into the close, Aug’26 held around the mid-$430’s and settled at $438.60, posting a solid gain on the day despite the afternoon pullback.