Yesterday’s closing dated – 10/02/2025
◾London White Sugar #5 (SWH25) – 519.40s (+1.70)
◾NYBOT Raw Sugar #11 (SBH25) – 19.50s (+0.14)
◾USD/BRL- 5.8058 (+0.0441)
◾USD/INR – ₹87.627 (+0.047)
◾Corn (ZCH25) – 487-4s -7-6
◾Ethanol Chicago $/gal – 1.75000s (+0.01250)
◾Brent Crude – $75.8 /bbl (+1.21)
◾BSE Sensex – 77311.80 (-548.39)
◾NIFTY50 – 23381.60 (-178.35)
March NY world sugar #11 (SBH25) Monday closed up +0.14 (+0.72%), and March London ICE white sugar #5 (SWH25) closed up +1.70 (+0.33%).
Sugar prices Monday posted moderate gains as strength in the Brazilian real (^USDBRL) sparked short covering in sugar futures. The real Monday rose +0.44%, just below last Friday’s 2-3/4 month high against the dollar. Over the past three weeks, strength in the Brazilian real has spurred fund short-covering in sugar, with sugar prices climbing to a 7-week high last Thursday. The stronger real discourages export selling from Brazil’s sugar producers.
