World Sugar futures continue to slide as more good news on the supply side continues to support strong numbers in Brazil, India and Thailand.  Weather has been favorable in these origins, and the outlook over the next two weeks is positive for developing cane.  Centre-South Brazil will have small but steadily increasing weekly rainfall totals over the next two weeks, helping next year’s crop while not significantly interfering with current crop harvest.  After a brief break,  widespread Monsoon rains in India will return by early next week, maintaining the favorable pattern experienced so far in 2007, and the moisture laden front that moved out of India will bring steady precipitation to the Thai crop through next week.  From a weather perspective, this outlook is certainly bearish for October ‘07 and March ‘08 #11 futures.

This entry was posted on Friday, August 10th, 2007 at 10:12 am and is filed under Global Weather, Sugar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.