The numbers on the ICE May09 sugar futures chart above indicate where we had made statements in our weekly updates regarding our short and long term views on the world sugar market. The WTI views are based on an integration of information relevant to global commodity markets, including short and long range weather outlooks, [...]

There are many resons supporting sugar futures in the news this week, among them, higher crude (today above 50), Fed activity in bond buying, short crops in India, and a widening gap in the global S-D – all topics discussed in our letters in recent weeks.  Today, we add to the list, wet weather in [...]

May09 sugar futures are appropriately priced, and short term movements will likely be linked to directional moves in crude. Most of the recent crop news from India and Brazil are priced into May and July, and technical signals are slightly bearish. Lower crude prices, currently down approximately 4.5%, will support short term negative [...]

Following some strong performance at the end of Feb when the contract was approaching 14 cents, May sugar futures have come back down to the mid 12 cent range; specs are focusing on anticipated demand erosion that accompanies a stronger $USD. But as we are seeing continued advances in oil (up again this [...]

The short crop in India coupled with the higher prices that world sugar futures are seeing may spur growers to increase plantings of sugarcane, as noted in a Bloomberg story this morning. The planting window still has another few weeks, so if May09 sugar remains strong (above 50 d moving age) the financial incentive [...]

ICE March sugar pushed to 13.65 cents (May reached 13.86) in trading today ahead of the expiration of the March contract on Friday. This is the highest level since Oct08. The rally is a confluence of part tag-along to the rally in energy (WTI crude currently up +4%), part perceived higher ethanol demand, and part [...]