May sugar futures slid in last week’s early sessions, but recovered back to the 24 cent range by the end of the week.  The news of China’s  plans on becoming a more significant buyer of physical sugar available to the global market is likely to strengthen sugar futures in the coming  weeks – world prices [...]

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 [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
 

While some global La Nina indicators have exhibited a more pronounced shift towards neutral phase, the equatorial Pacific Ocean cold SST anomalies are still pronounced as the above map from Weather Trends shows, and the Southern Oscillation Index is still strongly positive; the March SOI value according to [...]

Still several months away, but an interesting event to put on the calendar:

 
Interesting line up – Look forward to meeting with Dr. Peter Baron, the head of the International Sugar Organization.

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
 
In a Bloomberg report this morning, the current food supply and price situation was aptly described as ‘Kitchen Table Economics.’  With uncertainty over the direction of food costs, underscored by a recent UN statement showing prices at new highs, where do we go from here?

In any given year, [...]