Sugar Futures Positioning and CFTC Update 27th January 2020
The No.11 speculators have continued to increase their long position, ...
Sugar Futures Positioning and CFTC Update 20th January 2020
Large wave of spec buying in No.11 leads to 81k lot net long, the larg...
Speculators are Long, What Next?
732 words / 4.5 minute reading time Speculators have moved from a larg...
Brief Market Overview: Two Year Highs Reached
70 words / less than a minute reading time Prices have continued movin...
Sugar Futures Positioning and CFTC Update 13th January 2020
The No.11 speculative position reduced in the week before last Tuesday...
Chart of the Fortnight: Record Exports From Russia Expected
90 words / less than a minute reading time This season, Russia will pr...
Sugar Futures Positioning and CFTC Update 7th January 2020
The net spec position in the No.11 has remained relatively static, jus...
Brief Market Overview: Back at the Highs; What Next?
70 words / less than a minute reading time Prices in the last week hav...
Sugar Futures Positioning and CFTC Update 16th December 2019
The No.11 net speculative position increased by a huge 90k lots in the...
Chart of the Fortnight: Indian Ethanol Production Unlikely to Cause Sugar Deficit
76 words / less than a minute reading time The Indian Government has g...
Sugar Futures Positioning and CFTC Update 9th December 19
The speculators in the No.11 have continued to reduce their net short ...
Brief Market Overview: Positive News Not the Full Picture
There are positive signs for sugar prices. The US beet crop fail...
Sugar Futures Positioning and CFTC Update 3rd December 2019
In the past month the speculators have over halved their net position ...
Chart of the Fortnight: Brazilian Real Weakens to All-Time Low
86 words / less than a minute reading time The Brazilian Real (BRL) ha...
Sugar Futures Positioning and CFTC Update 25th November 2019
As expected the Speculators in the No.11 used the week preceding the 1...
Chart of the Fortnight: Why is Brazil Producing More Sugar Than Expected?
159 words / 1 minute reading time Brazil are producing more sugar than...
Sugar Futures Positioning and CFTC Update 18th November 2019
ICE No.11 Futures Speculative Positioning (values as of 12th November ...
Brief Market Overview: The Range Consensus
There seems to be a strong consensus in the sugar market that prices a...
Sugar Futures Positioning and CFTC Update 11th November 2019
Speculators remain heavily short of the raw sugar market, which itself...
Sugar Futures Positioning and CFTC Update 11th November 2019
Speculators remain heavily short of the raw sugar market, which itself...
Chart of the Fortnight: Record Brazil Stocks to be Shipped
This season, CS Brazil has reached a record amount of raw sugar in sto...
Sugar Futures Positioning and CFTC Update 4th November 2019
The No.11 net speculative position has reduced by 8k lots to 195k lots...
Brief Market Overview: Record Sugar Stocks Split Sugar Week
Prices through the past fortnight have remained rangebound. Some in th...
Sugar Futures Positioning and CFTC Update 28th October 2019
The No.11 net speculative position has reduced by 30k lots this week a...
Sugar Futures Positioning and CFTC Update 21st October 2019
Speculators are now long the refined sugar markets for the first time ...
Sugar Futures Positioning and CFTC Update 14th October 2019
The No.11 speculators stopped buying back last week and increased thei...
Chart of the Fortnight: Global Raw Sugar Demand Destruction
Global demand for raw sugar has been shrinking. This is easiest to vis...
Sugar Futures Positioning and CFTC Update 7th October 2019
In the last two weeks the No.11 speculative position has increased by ...
Brief Market Overview: Sugar Stock Trapped in India
The market has rallied to its strongest position since March. There is...
Sugar Futures Positioning and CFTC Update 30th September 2019
The No.11 net speculative short position reduced by 20k lots throughou...
Chart of the Fortnight: Brazil Ready with Spare 10m Tonnes of Capacity
The CS Brazilian industry has produced a record amount of ethanol for ...
Sugar Futures Positioning and CFTC Update 23rd September 2019
The record net speculative position has increased further throughout l...
Brief Market Overview: Saudi Oil Airstrikes Provide Let-Up in Price Pressure
Record short speculative positions have pushed both the raws and white...
Sugar Futures Positioning and CFTC Update, 16th September 2019
The No.11 net speculative positioning has reduced to a record -219k lo...
Chart of the Fortnight: CS Record Brazil Raws Availability
Despite Brazilian sugar production expected to be the lowest for over ...
Sugar Futures Positioning and CFTC Update 9th September 2019
We wrote last week that the increase in No.11 Open Interest might allo...
Brief Market Overview: India Subsidises Exports Again
India is weighing on the market with up to 6m tonnes of sugar eligible...
Sugar Futures Positioning and CFTC Update 2nd September 2019
The net speculative short position in raw sugar has climbed above -180...
Sugar Futures Positioning and CFTC Update 2nd September 2019
The net speculative short position in raw sugar has climbed above -180...
Chart of the Fortnight: BRL Weakness Could Pressure No.11
The BRL has weakened drastically in the past couple of weeks. This mak...
Chart of the Fortnight: BRL Weakness Could Pressure No.11
The BRL has weakened drastically in the past couple of weeks. This mak...
Sugar Futures Positioning and CFTC Update 27th August 2019
The No.11 speculators are close to their record net short with the mar...
Brief Market Overview: Poor Weather Yet to Change Outlook
Poor weather in India and Thailand could reduce 2019/20 production exp...
Corn Futures Positioning and CFTC Update 19th August 2019
Corn Futures Speculative Positioning Corn Futures Commerical Positioni...
Sugar Futures Positioning and CFTC Update 19th August 2019
The No.11 speculative position has remained balanced over the past wee...
Chart of the Fortnight: Chinese Price Rally Illustrates Smuggling Slowdown
The Chinese domestic price has increased by 13% over the past month in...
Sugar Futures Positioning and CFTC Update 12th August 2019
Speculators have added 15k lots to their short position, throughout th...
Brief Market Overview: Time Needed to Reduce Stocks
We expect a 4.6m tonne worldwide production/consumption deficit for 20...
Sugar Futures Positioning and CFTC Update 5th August 2019
After trying and failing to push price lower than the 6-month range sp...
Chart of the Fortnight: Indian Refined Sugar Availability
Indian Refiners have had lots of refined sugar available for world mar...
Sugar Futures Positioning and CFTC Update 29th July 2019
As of last Tuesday the No.11 net spec position had reached close to a ...
Brief Market Overview: Weak White Sugar Prices
The white sugar market reduced last week to 10-year lows, well below U...
Sugar Futures Positioning and CFTC Update 22nd July 2019
The No.11 net spec position has decreased by 28k lots to 112k lots sho...
Chart of the Fortnight: Global Stocks Still Too High
In the last decade, global sugarstocks have increased by 34m ton...
Sugar Futures Positioning and CFTC Update 15th July 2019
The No.11 net spec position is 84k lots short, less than half the 2019...
Brief Market Overview: Prices Reliant on India
There is a lot of sugar available to the market over the next 9 months...
Sugar Futures Positioning and CFTC Update 9th July 2019
The speculative position in the No.11 has remained stagnant this week,...
Chart of the Fortnight: Global Raw Sugar Demand Destruction
Global demand for raw sugar has been shrinking. This is e...
Sugar Futures Positioning and CFTC Update 1st July 2019
The No.11 speculators have now halved their position in a month withou...
Brief Market Overview: Waiting for the Indian Monsoon
The whites market remains oversupplied. Following the recent ral...
Sugar Futures Positioning and CFTC Update 24th June 2019
ICE No.11 Futures Speculative Positioning (values as of 18th June 2019...
Chart of the Fortnight: Low Indian Reservoir Levels
Reservoir Levels in Maharashtra Maharashtra irrigation reservoir level...
Sugar Futures Positioning and CFTC Update 17th June 2019
ICE No.11 Futures Speculative Positioning (values as of 11th June 2019...
Brief Market Overview: Weather Risk Returns
Prices have rebounded by more than 5% recently. This is due to the ris...
Sugar Futures Positioning and CFTC Update 10th June 2019
ICE No.11 Futures Speculative Positioning (values as of 4th June 2019)...
Chart of the Fortnight: Record Thai Raws Availability
Thailand has produced a record amount of raw sugar this season. High r...
Sugar Futures Positioning and CFTC Update
No.11 Speculators have continued to hold a position close to the recor...
Oversupply to Continue Without Adverse Weather – Brief Market Overview
The market has struggled to break through $320/mt recently, although m...
Sugar Futures Positioning and CFTC Update 28th May 2019
The spec position has continued to fall however the No.11 price did no...
Sugar Futures Positioning and CFTC Update 20th May 2019
The spec position has been pushed further down to 158k lots short, dec...
Range Just About Holding (Brief Market Overview)
The market has just about held in the recent range and hasn’t ma...
Sugar Futures Positioning and CFTC Update
Specs have increased their gross short position in the No.11, meaning ...
Sugar Futures Positioning and CFTC Update 7th May 2019
No.11 utures Speculative Positionng (values as of 30th April 2019) ICE...
Less Supply, But Still Oversupplied (Brief Market Overview)
The whites market remains rangebound but the top seems to be lowering....
Sugar Futures Positioning and CFTC Update 29th April 2019
No.11 Futures Speculative Positioning (values as of 23rd April 2019) I...
Peak Stocks Could Move Prices Lower
The market is still rangebound but there is heavy pressure to push it ...
Oversupply Looming
The No.5 refined sugar market has returned about $330 but oversupply l...
Months of Boredom Punctuated by Moments of Terror
The market has remained rangebound for much of the past 6 months and l...
Producer Selling Pressure Caps Market
After moving higher due to technical (computer driven) trading the mar...
India News Moves the Ceiling
After struggling to maintain levels above USD350/mt for the last 3 mon...
Whites Market Oversupplied
The market has remained very rangebound recently. Retail interes...
All Eyes On India for a Breakout
The futures range has been narrowng in recent months (see chart below)...
What could break the range?
Prices have remained rangebound but have moved up in the past couple o...