International Sugar Market Reports


International Sugar Market Update

28-October-2016

LIFFE: London Sugar #5

London Sugar #5 Closing – 09/11/2016

london-sugar-11-sample
Month Settle Change High Low Total Vol.
Dec-16 582.30 6.20 583.50 568.60 12,164
Mar-17 577.70 3.70 579.30 566.20 7,127
May-17 570.50 4.10 572.00 559.80 1,035
Aug-17 555.70 4.50 556.80 545.30 547
Oct-17 536.00 5.20 537.00 526.00 487

White sugar futures closed up 0.5% at $571.10 per ton

London Sugar #5 Technical

london-sugar-candlestick Recognized Bearish Chart Patterns:

Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns. It is a major reversal signal. Factors that are increasing this signal's reliability: 1) The first candlestick has a very small real body and the second candlestick a very large real body. 2) The pattern appears after a protracted or very fast move. 3) Heavy volume on the second black candlestick. 4) The second candlestick engulfs more than one real body.

London Sugar #5 Spread

Month Settle Change High Low Total Vol.
Z4/H5 0.2 -0.1 1 -0.2 1,267

Sugar #5 Market Synopsis — (04/11/2016)

Sugar is still one of the top performing commodities this year, with prices currently up 44%. Sugar has been boosted by supply tightness, while speculators have accelerated the commodity’s rally. Sugar analysts have cautioned that the mass amount of speculation in the sugar market has made the commodity vulnerable to a correction.

Support & Resistance - Sugar #5

2nd Resistance Point 593.03
1st Resistance Point 587.67
Last Price 579.60
1st Support Level 572.77
2nd Support Level 563.23

Sugar #5 Commentary – (04/11/2016)

Sugar futures fell under pressure earlier in the week amid reports of fund liquidation, but the commodity found support at its 100-day moving average.

Nybot Sugar #11 Closing – 09/11/2016

london-sugar-11-sample
Month Settle Change High Low Total Vol.
Dec-16 582.30 6.20 583.50 568.60 12,164
Mar-17 577.70 3.70 579.30 566.20 7,127
May-17 570.50 4.10 572.00 559.80 1,035
Aug-17 555.70 4.50 556.80 545.30 547
Oct-17 536.00 5.20 537.00 526.00 487

White sugar futures closed up 0.5% at $571.10 per ton

Nybot Sugar #11 Technical

london-sugar-candlestick Recognized Bearish Chart Patterns:

Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns. It is a major reversal signal. Factors that are increasing this signal's reliability: 1) The first candlestick has a very small real body and the second candlestick a very large real body. 2) The pattern appears after a protracted or very fast move. 3) Heavy volume on the second black candlestick. 4) The second candlestick engulfs more than one real body.

Nybot Sugar #11 Spread

Month Settle Change High Low Total Vol.
Z4/H5 0.2 -0.1 1 -0.2 1,267

Sugar #11 Market Synopsis - (04/11/2016)

Sugar is still one of the top performing commodities this year, with prices currently up 44%. Sugar has been boosted by supply tightness, while speculators have accelerated the commodity’s rally. Sugar analysts have cautioned that the mass amount of speculation in the sugar market has made the commodity vulnerable to a correction.

Support & Resistance - Sugar #11

2nd Resistance Point 593.03
1st Resistance Point 587.67
Last Price 579.60
1st Support Level 572.77
2nd Support Level 563.23

Sugar #11 Commentary – (04/11/2016)

Sugar futures fell under pressure earlier in the week amid reports of fund liquidation, but the commodity found support at its 100-day moving average.

Brazil Updates

Sao Martinho, one of Brazil's largest cane milling groups, lowered its guidance for sugar output to 1.297 million tonnes from 1.356 million previously due to a smaller-than-expected cane crush, the company said in a market filing on Wednesday. Sao Martinho, which runs three mills in Sao Paulo state, said it will crush 19.26 million tonnes of cane in the current 2016-17 (April-March) season, down from its previous guidance of 20.55 million.


UNICA, the Brazilian sugarcane industry association, recently published a crop update for the first half of October, reporting mills in the south-central region of the country crushed 32 million tons of sugarcane during the two-week period, down 11.9 percent from the same period of 2015 and down 3 percent when compared to the second half of September. Sugar production reached 2.25 million tons during the first half of October. Ethanol production reached 1.4 billion liters (369.84 million gallons) during the same period, including 740 million liters of hydrous ethanol and 664.7 million liters of anhydrous ethanol. According to UNICA, 505.54 million tons of sugarcane have been processed since the beginning of the season. Sugar production has reached 30.02 million tons, with ethanol production reaching 21.27 billion liters, including 8.92 billion liters of anhydrous ethanol and 12.35 billion liters of hydrous ethanol. So far this year, 31 companies in the south-central region of Brazil have completed operations, including 17 that closed during the first half of October. UNICA also noted that mills in the south-central region marketed 983.42 million liters of ethanol domestically during the first half of October, with 31.37 million liters destined for export. Of the volume sold domestically, anhydrous ethanol sales reached 391.52 million and hydrous sales reached 591 million liters, down 8 percent and 15.94 percent respectively when compared to the second half of September.