Daily Market Price Updates and Commentary 5th November 2025

Raw Sugar Update

Continued pressure was applied to the market during the early part of the session and March’26 was sold down to a new low at 14.05, but with no stops in place and some larger buy orders placed ahead of 14.00 it was able to dig in and prevent any additional losses. A period spent holding just ahead of the lows ended when smaller trader position covering brought prices up through the range and on to 14.28, though as has been the case so often recently there was no continuation interest and the rally faded. Further movement to 14.32 followed during the early afternoon but again there was no real uptake of the move, and so it was that prices returned to the range. Smaller traders further endeavoured to generate movement / opportunity during the later afternoon without success, and so it was that the day faded away without changing anything on the chart. There was some influence being applied by the shorts during the final hour and they ensured that March’26 ended the day at 14.11, just 0.06 points above the high and further increasing the weight above the market.

White Sugar Update 

With technical weakness and bearish sentiment not going away it was no surprise to see selling again dominating the early part of trading as short holders went in search of further contract lows. Their efforts were soon rewarded as March’26 moved down to $403.40, although the fall ended there with a challenge of the psychological $400.00 mark still proving elusive. Across the rest of the morning and into early afternoon there was some recovery made, and the price extended to $410.50 at one stage, though with the upside mostly driven by smaller traders the highs were not maintained and values returned to sit in the red once more. With eight sessions remaining until Dec’25 expires there continue to be strong quantities of position roiling taking place, where Dec’25/March’26 pivoted either side of $7.00 during the day on solid volume which will further erode the 35,130-lot remaining open interest. White premiums saw some modest gain with March/March’26 moving back towards the mid $90’s, but generally it was quiet with the spread dominating volumes. March’26 was knocked back down on the close and settled at $405.30, bringing another weak showing to an end.