Yesterday’s closing dated – 03/06/2025
◾London White Sugar #5 (SWQ25) – 473.70s (+2.80)
◾NYBOT Raw Sugar #11 (SBN25) – 16.90s (+0.02)
◾USD/BRL- 5.6393 (-0.0341)
◾USD/INR – 85.775 (+0.094)
◾Corn (ZCN25) – 439-0 (+0-4)
◾Ethanol Chicago $/gal – 1.70500s (-0.03000)
◾Brent Crude – $65.63/bbl (+1.00)
◾BSE Sensex – 80737.51 -636.24
◾NIFTY50 – 24542.50 (-174.10)
July NY world sugar #11 (SBN25) Tuesday closed up +0.02 (+0.12%), and August London ICE white sugar #5 (SWQ25) closed up +2.80 (+0.59%).
Sugar prices on Tuesday recovered from early losses and posted modest gains. Short covering emerged in sugar futures Tuesday to lift prices higher after WTI crude oil (CLN25) rallied to a 1-1/2 week high. Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing to ethanol production rather than sugar, thus curbing sugar supplies.
