Latest news with #ICEFutures
Yahoo
04-07-2025
- Business
- Yahoo
Sugar Prices Tumble as Global Supply Prospects Improve
October NY world sugar #11 (SBV25) Wednesday closed down -0.12 (-0.76%), and August London ICE white sugar #5 (SWQ25) closed down -3.90 (-0.84%). Sugar prices on Wednesday added to this week's selloff, with NY Oct sugar falling to a new contract low and London sugar dropping to a 3-3/4 year nearest-futures low. Signs of robust sugar supplies amid tepid demand are weighing on prices. On Tuesday, ICE Futures US reported that 45,112 MT of NY sugar was delivered to settle the July sugar contract, which expired on Monday, the smallest amount delivered for a July contract in 11 years and a sign of weak demand. On Monday, nearest-futures (SBN25) NY sugar posted a 4-1/4 year nearest-futures low. Arabica Coffee Prices Are Falling. How Much Lower Will They Go? Coffee Prices Fall as Pace of Brazil's Coffee Harvest Accelerates Brazil Coffee Harvest Pressures Weigh on Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Expectations of larger sugar supplies are limiting the upside in sugar prices. On Monday, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. Sugar prices have plummeted over the past three months due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with global sugar ending stocks at 41.188 MMT, up 7.5% year-over-year. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30, after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that the cumulative 2025/26 Brazil Center-South sugar output through mid-June is down by -14.6% y/y to 9.404 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
02-07-2025
- Business
- Yahoo
Robust Supplies Amid Tepid Demand Punish Sugar Prices
October NY world sugar #11 (SBV25) today is down -0.20 (-1.27%), and August London ICE white sugar #5 (SWQ25) is down -3.30 (-0.71%). Sugar prices today added to this week's selloff, with NY Oct sugar falling to a new contract low and London sugar dropping to a 3-3/4 year nearest-futures low. Signs of robust sugar supplies amid tepid demand are weighing on prices. On Tuesday, ICE Futures US reported that 45,112 MT of NY sugar was delivered to settle the July sugar contract, which expired on Monday, the smallest amount delivered for a July contract in 11 years and a sign of weak demand. On Monday, nearest-futures (SBN25) NY sugar posted a 4-1/4 year nearest-futures low. Arabica Coffee Prices Retreat on Brazil Coffee Crop Optimism Cocoa Prices Plunge on Projections for a Larger 2025/26 Ghana Cocoa Crop Raw Commodities Bulls Have Been Beat Up. These 2 Major Catalysts Could Seriously Turn Things Around. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Expectations of larger sugar supplies are limiting the upside in sugar prices. On Monday, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. Sugar prices have plummeted over the past three months due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with global sugar ending stocks at 41.188 MMT, up 7.5% year-over-year. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30, after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that the cumulative 2025/26 Brazil Center-South sugar output through mid-June is down by -14.6% y/y to 9.404 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Bloomberg
20-06-2025
- Business
- Bloomberg
Hedge Funds Rush Into Oil Long Bets as Mideast Conflict Grows
Hedge funds boosted their bullish position in Brent crude by the most since early October as Israel's strikes against Iran's nuclear program imperiled a region that produces around a third of the world's oil. Money managers increased their net-long position on the global benchmark by 76,253 lots to 273,175 lots, the biggest gain in eight months, in the week ended June 17, according to figures from ICE Futures Europe. Short-only positions tumbled to the lowest in more than four months.
Bloomberg
18-06-2025
- Business
- Bloomberg
Demand for Oil Loading Outside Persian Gulf Soars on War Risk
Middle Eastern oil that loads outside the Persian Gulf and at least one Malaysian grade are suddenly more popular with Asian buyers as the Israel-Iran conflict threatens to imperil the passage of vessels through the Strait of Hormuz. Take Murban, which can be exported from Jebel Dhana on the Persian Gulf and, if purchased on the ICE Futures Abu Dhabi exchange, from Fujairah on the Indian Ocean-side of the strait. Trading volumes on ICE Futures shot up to 44,000 lots Friday, almost triple the average for the year prior to that, after the initial Israeli strikes. They've stayed elevated this week.
Bloomberg
13-06-2025
- Business
- Bloomberg
Hedge Funds Ramped Up Bullish Oil Bets Ahead of Israel's Attack
Hedge funds took the most bullish stance on US crude since January in the week before Israel launched strikes against Iran's nuclear program, putting them in a position to profit from this week's jump in oil prices. Money managers increased their net-long position on West Texas Intermediate by 16,056 lots to 179,134 lots in the week ended June 10, data from the Commodity Futures Trading Commission show. Hedge funds' bullish position on Brent crude rose to a 10-week high, according to figures from ICE Futures Europe.
