Current satellite showing a lull over cane regions.  Also, overnight sugar up almost 6%

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 [...]

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 [...]

 
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