Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The above graphic from the Indian Met Department shows the advance of the 2011 Monsoon as compared to typical onset milestone dates. As we can see by the progression as of 29-30 May, as well as on the inset map, the convective activity originating over the southern subcontinent [...]
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 [...]
The attached document highlights some of the factors that Weather Trends is looking at for the 2011 Indian Monsoon, as reported by Bloomberg.
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 [...]
