Insight Focus
The No.11 raw sugar prices continued to trade lower over the past week. Producers have closed out their positions heavily. Speculators have extended their net-short position once more.
New York No.11 Raw Sugar Futures
The raw sugar futures prices continued to trade lower, starting the week at 15c/lb and eventually declining to 13.8c/lb by Friday’s close.
On the commercial side, producers have reduced their positions by 15.3k lots of shorts while end-users added to their position by 3.5k lots of longs.
No.11 Commitment of Traders Report (April 7, 2026)
Speculators have closed out 10.8k lots of longs and have further opened 9.5k lots of shorts.
The net-short position now stands at -101,004 lots.
No.11 & No.5 Open interest
The No.11 forward futures curve and the No.5 forward futures curve have both declined across the board.
White Premium (Arbitrage)
The K/K white premium traded at USD 105.7/tonne at the start of the week and closed at USD 109.2/tonne on Friday.
For a more detailed view of the sugar futures and market data, please refer to the appendix below.
No.11 (Raw Sugar) Appendix
No.5 (White Sugar) Appendix
White Premium Appendix
