Yesterday’s closing dated – 02/05/2025
◾London White Sugar #5 (SWQ25) – 489.70s (-4.10)
◾NYBOT Raw Sugar #11 (SBN25) – 17.20s (+0.04)
◾USD/BRL- 5.6579 (-0.0155)
◾USD/INR – 84.527 (-0.063)
◾Corn – 461-2s (-3-0)
◾Ethanol Chicago $/gal – 1.78500s (+0.01000)
◾Brent Crude – $61.29/bbl (-0.84)
◾BSE Sensex – 80501.99 (+259.75)
◾NIFTY50 – 24346.70 (+12.50)
July NY world sugar #11 (SBN25) Friday closed up +0.04 (+0.23%), and August London ICE white sugar #5 (SWQ25) closed down -4.10 (-0.83%).
Sugar prices on Friday extended their month-long selloff, with July NY sugar posting a 3-3/4 year nearest-futures low and London sugar posting a 2-week low. However, sugar prices recovered from their worst levels Friday, with NY sugar climbing into positive territory as a weaker dollar (DXY00) sparked short covering in sugar futures.
