Yesterday’s closing dated – 09/06/2025
◾London White Sugar #5 (SWQ25) – 472.40s (+7.20)
◾NYBOT Raw Sugar #11 (SBN25) – 16.67s (+0.18)
◾USD/BRL- 5.5588 (-0.0006)
◾USD/INR – 85.528 (-0.122)
◾Corn (ZCN25) – 432-4 (-1-0)
◾Ethanol Chicago $/gal – 1.66000s (-0.01500)
◾Brent Crude – $67.04/bbl (+0.57)
◾BSE Sensex – 82445.21 (+256.22)
◾NIFTY50 – 25103.20 (+100.15)
July NY world sugar #11 (SBN25) Monday closed up +0.18 (+1.09%), and August London ICE white sugar #5 (SWQ25) closed up +7.20 (+1.55%).
Sugar prices rose on Monday as strength in crude oil and the Brazilian real prompted some short covering in sugar futures. WTI crude oil (CLN25) climbed to a 2-1/4 month high Monday, which benefits ethanol prices and may prompt the world’s sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies. Also, Monday’s rally in the Brazilian real (^USDBRL) to an 8-month high discourages export selling from Brazil’s sugar producers.
