Daily Market Price Updates and Commentary 5th March 2026

Raw Sugar Update 

Markets have settled back down over the past 24 hours, and this calmer environment saw May’26 opening little changed and then settling into a narrow band through the first hour. There was a dip down to 13.61 midway through the morning which widened the band and temporarily broke the monotony, however a return to 13.73 followed with prices remaining on this area ahead of the Americas day. There was some more light selling uncovered, and the price slipped back to the mid 13.60’s for a small period, however there was no appetite from many of the smaller traders to take on unnecessary risk and so there was a return to unchanged levels and additional non-committal drift. Values were increasing again within the energy sector through the afternoon, but there was no hint of any ripple effect to sugar and the market remained decidedly narrow with May’26 between 13.62/13.79 moving towards the final hour. Ther was a late effort to bring the value higher but that soon faltered at 13.82, and another disappointing showing saw a fitting conclusion as pre-close position squaring ensured that May’26 posted a single tick loss at 13.72. 

White Sugar Update 

May’26 was printing higher as some mixed buying over the first half an hour saw the market reach $412.30, though any longs will have been concerned that there was no similar interest seen from No.11. This was likely the trigger for a position covering move which sent the price back to $407.00, though with thin prevailing conditions this move felt as insignificant as the initial rally and when the dust settled prices returned towards $410.00 where some consolidation ensued. Moving into the afternoon there was no real change to this pattern of trading and May’26 continued to pivot around either side of $409.00. May’26 traded down to $406.50 in the middle of the afternoon, while the upside was never really shown much attention despite some pickup in values elsewhere across the commodity basket. White premiums softened slightly and tempered a little of the recent gain on this inaction, with May/May’26 sitting just ahead of $105.00 later in the day. Late selling returned values to daily lows, with May’26 recording a mark at $406.10 on the call as it posted a settlement price at $406.50. Spreads were softer with May/Aug’26 at $1.30, while the premium took another late hit to be valued at $104.00 heading out.