Insight Focus
Speculators continued to cut their No.11 long position, reducing their net long by a further 34.7k lots to 146k lots. Raw sugar prices also fell further, settling at 18.2c/lb on Friday.
New York No.11 Raw Sugar Futures
No.11 raw sugar started the week at 19.1c/lb and settled at 18.2c/lb on Friday. Most of the decline came on Tuesday, with prices remaining below 19c/lb for the rest of the week.
No.11 Commitment of Traders Report (November 3, 2026)
Speculators cut 29.1k lots of longs and added 5.6k lots of shorts in the latest reporting week. This reduced their net long position by 34.7k lots.
Producers cut a further 17.2k lots of shorts in the latest reporting week, while end-users added 14.8k lots of longs.
No.11 & No.5 Open Interest
No.11 prices fell across the curve, while open interest continued to move out of March and into later contracts. No.5 prices also weakened across the curve, with open interest continuing to move out of December and into March and later contracts.
White Premium (Arbitrage)
The 2027 H/H white premium rose from around USD106/tonne on Monday to USD110/tonne by Wednesday.
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
