Insight Focus
The No.11 raw sugar futures continued trading between 14-15c/lb. The No.5 refined sugar futures weakened further over the past week. Both the No.11 and No.5 forward futures curves have declined.
New York No.11 Raw Sugar Futures
The raw sugar futures opened the week at a high of 14.7c/lb on Monday. Prices then declined throughout the rest of the week, settling at 14.1c/lb on Friday.
There is no CFTC data due to the US federal government shutdown.
No.11 Open interest
The No.11 forward curve has weakened across most of the board but has strengthened from March’28 onwards.
London No.5 Refined Sugar Futures
Refined sugar futures opened at USD 423.3/tonne on Monday and declined through the week, trading between USD 412–413/tonne before closing at USD 409.6/tonne on Friday.
No.5 Open Interest
The No.5 forward curve has weakened across all contracts.
White Premium (Arbitrage)
The H/H white premium opened at USD 92.2/tonne on Monday and strengthened over the week, closing at USD 95.1/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
