Archive for September, 2007

Better weather in Brazil and India

Despite the fact that the week didn’t close much higher than it opened, last week was an interesting week for World sugar futures.  Sugar for October delivery finished trading last Friday at 9.79 (Oct. sugar finished the previous week at 9.43) and March closed at 10.08.  These are the highest levels that the #11 market [...]

Bearish fundamentals for world sugar futures

World sugar for October delivery ended last week’s trading at 9.43, which is just slightly lower than the previous week’s close.  The March contract closed Friday’s session at 9.76.  Both the short term and the extended outlook are supporting continued bearish fundamentals coming out of the major producing origins; technical signals also indicate that the [...]

Weekly World sugar update

October sugar finished last week at 9.48 c/lb, as bearish fundamentals continue to dominate the global S-D picture.  While many production estimates form various analyst do vary, the global sugar surplus is now estimated at approximately 10.8 mmt accirding to the ISO.  This surplus is driver primarily by the expected production increases coming out of [...]