Last week’s rainfall totals in India’s sugarcane regions has been light in both growing belts; see IMD map below.
Current water vapor satellite is showing less activity in more weak activity & this supports the JulAug dryness that the Weather Trends long range forecast had predicted for this period. With tight physical supply, this is constructive [...]
The Food and Agricultural Organization’s Food Price Indices through June are shown below. Note the move in sugar since May; many of the reasons for this upward move have been discussed and anticipated in our weekly reports over the last few months. Most recently, a widely distributed estimate from Canaplan for the Brazilian Centre-South crop [...]
Excerpt from the note that went out to Weather Trends clients yesterday (Monday) morning:
In light of the softer market regarding futures prices, extreme heat across the corn belt this week should add some strength to the sector with widespread warmer temperatures and a drier pattern in the southern belt for several days potentially limiting yields. [...]
World Sugar (Oct) has crossed 29 cents/lb on Thursday as the increasing cost of food prices (sugar included) has added to global inflationary pressures. The Food and Agriculture Organization (FAO) said in a recent statement that the increasing pressure on food prices will be sustained and that while some food commodity prices have slid over [...]
As most of the commodity sector has seen a pullback in recent sessions, sugar futures have retreated slightly, but still remain relatively strong. The spot #11 contract is now just shy of 26 cents, which is still high when viewing the chart over the last six months. The first reason for sustained prices in the [...]
