Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Here is the discussion of the world sugar markets that was communicated earlier this week:
World sugar futures continue to trade in the range that WTI has been discussing, as the market comes to grips with the fact that, while a global shortage in physical supply still exists, we [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Will this be the week where world sugar breaks, or will the impressive rally in raw sugar continue? While most in the ags space spend nearly all of their time and energy in analyzing the grains sector, the big story, and one that will continue to unfold [...]

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

Following an extended trend of upward futures behavior that lasted for most of the last month, ICE sugar futures (Mar10) have now retreated back down to below the 22-22.5 cent mark, with a sharp drop seen at the end of last week. This dip puts the spot [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
After almost reaching the 23 cent mark last week, September sugar is back down below 22, helped by a more active monsoon pattern towards the end of last week. The rains are particularly helpful for Uttar Pradesh, India’s largest cane growing region. The danger here is [...]

The surge in world sugar futures continues with Oct09 futures getting as high as 21.55 cents/# (currently at 20.71) and Mar10 reaching 22.79, before scaling back to 22.03. This most recent spike is much more dramatic than any of the smaller surges that we have seen this year. The surge is not only [...]

Per yesterday’s post, we may see OCT move towards the 20 cent mark very soon.  Overnight trading is down across the commodity board (lead by crude down about 1.5%), but the weather picture in India may limit the downside.  The extended range forecast for India is not very favorable for rainfall, so there should be [...]