Sugar futures (cont’d)

As a follow up to this post from last week, spot ICE sugar futures closed the session today at 13.17.  Could be short-lived, but given the factors outlined in the previous post, upside risk is building.  As global sugar S-D is typically included in the January & February WASDE reports, the lack of public monthly data due to the government shutdown could drive volatility, while it could also spur market participants to look for alternative data sources to structure trades.  Continue to monitor the water situation across Asia-Pacific origins for guidance.

2 thoughts on “Sugar futures (cont’d)”

Leave a Reply

Your email address will not be published. Required fields are marked *