Yesterday’s closing dated – 11/11/2024
◾London White Sugar #5 (SWZ24) – 551.80s (-4.80)
◾NYBOT Raw Sugar #11 (SBH25) – 21.36s (-0.46)
◾USD/BRL-5.7559 (-0.0009)
◾USD/INR – ₹ 84.398 (+0.015)
◾Corn (ZCZ24) – c/lb 431-2 (+1-2)
◾Ethanol Chicago $/gal – 1.57750s (+0.00250)
◾Brent Crude – $71.83/bbl (-2.04)
◾BSE Sensex – 79496.15 (+9.83)
◾NIFTY50 –24141.30 (-6.90)
March NY world sugar #11 (SBH25) Monday closed down -0.46 (-2.11%), and December London ICE white sugar #5 (SWZ24) closed down -4.80 (-0.86%).
Sugar prices Monday fell to 1-3/4 month lows, pressured by dollar strength and weakness in crude oil. The dollar index (DXY00) Monday rallied to a 4-1/4 month high, which undercuts most commodity prices, including sugar.
