Insight Focus
The No.11 raw sugar futures traded higher throughout last week but remained in the 14-15c/lb range. The No.5 refined sugar futures also traded higher over the past week. Both the No.11 and No.5 forward futures curves have strengthened across the board.
New York No.11 Raw Sugar Futures
The raw sugar futures continued trading between 14-15c/lb over the past week starting at 14.2c/lb on Monday, hitting a mid-week high of 14.5c/lb and eventually settling at just under 15c/lb on Friday.
The US federal government shutdown has now ended but the release of the COT report has been delayed.
No.11 Open interest
The No.11 forward curve has strengthened across all contracts.
London No.5 Refined Sugar Futures
Refined sugar futures strengthened throughout the last week, starting at USD 408.2/tonne, hitting USD 417.8/tonne on Wednesday to then close at USD 431.6/tonne on Friday.
No.5 Open Interest
The No.5 forward curve has strengthened across the board.
White Premium (Arbitrage)
The H/H white premium traded the past week between USD 95-96.3/tonne, with the exception of Thursday when it hit USD 94.3/tonne.
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
