Oversupply Looming

  • The No.5 refined sugar market has returned about $330 but oversupply looms on the market. 
  • Warehousing in Thailand and Central America is filling rapidly as cane crushing finishes. 
  • This means it’s getting increasingly expensive to store sugar and the sugar trade are seeking exports. 
  • Despite this negative outlook, the whites market has weakened so severely in recent weeks that some form of consolidation or partial price recovery might be healthy. 
  • This means the market remains rangebound, trapped by heavy producer selling at the top of the range and opportunistic end user and speculative buying at the bottom of the range.  

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SAF pode ser um impulsionador de demanda para etanol e milho

SAF Could Create Demand Driver For Ethanol, Corn

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