Yesterday’s closing dated – 13/11/2024
◾London White Sugar #5 (SWZ24) – 538.20s (-4.80)
◾NYBOT Raw Sugar #11 (SBH25) – 21.17s (-0.18)
◾USD/BRL-5.8061 (-0.0005)
◾USD/INR – ₹ 84.396 (+0.013)
◾Corn (ZCZ24) – c/lb 427-0 +0-4
◾Ethanol Chicago $/gal – 1.60250s (+0.00250)
◾Brent Crude – $72.28/bbl (-0.39)
◾BSE Sensex – 77690.95 (-984.23)
◾NIFTY50 –23559.05 (-324.40)
March NY world sugar #11 (SBH25) Wednesday closed down -0.18 (-0.84%), and December London ICE white sugar #5 (SWZ24) closed down -4.80 (-0.88%).
Sugar prices Wednesday added to this week’s losses and dropped to 1-3/4 month lows. Wednesday’s rally in the dollar index (DXY00) to a 1-year high undercut sugar prices. Losses in London sugar accelerated Wednesday after the contract fell below its 200-day moving average, triggering technical selling.
