Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Sugar may start to turn constructive on analyst reports of a smaller than expected crop. We noted yesterday that one high-profile estimate has recently called for a 10.6 mmt surplus in 2011/12, which follows a slight return to positive supply balances in the current marketing year. However, as [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
World Sugar futures have dropped off from the recent highs in February (crossing 35 cents) down to a current range just under 22 cents; see FinViz chart below for recent performance of the July11 contract. The spot price is now below both the 50 and 200 day moving [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Following the run up to nearly 33 cents, world (#11) sugar futures have retreated and stayed in the 22-24 cent range for much of the week. The market is expecting strong production numbers from Brazil and India, the two largest producers, and there seems to be optimism among [...]
In a note to clients on Monday, we stated that If the pattern that sugar has been following remains, we should expect another run at the 32/33 cent level to occur this week. The market has come down a bit off of the highs from early Feb; recent reports that the global market will move [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The reports that Weather Trends has been issuing regarding the global sugar supply situation has, for several months, been calling for a gradual improvement to the global balance sheet; however, we have always been less optimistic than most consensus estimates regarding the shift to surplus status. Most agencies [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The recent proliferation of articles discussing a deficit in the global sugar balance should not be news. The market awareness of a potential supply shortage that has given another constructive surge to the raw sugar market is most recently being connected to Tropical Cyclone Yasi, which made landfall [...]
