Today No.11 market opened at 20.15, 1 point above yesterday’s settlement. The first half trading hour took prices to the 20.30s zone, just after that, a quick correction was seen, and prices remained near the 20.30 until 11am. At that time, market saw another push reaching 20.39, but not long after, went back to trade at 20.23 at 1pm. After 1pm, big volumes started to press the market and prices went up to the daily high at 20.70 near 3h30pm. The level was not supported for long, and a new trading area near 20.54 consolidated from 3h30pm to 6 pm. Market went up again in the last trading minutes and closed at 20.62, settlement price was 20.58, +44 points from yesterday’s settlement (+2.18 % change). SB H3K3 Spread also closed stronger at 1.36. Volume traded was 75k lots.
Whites H23 opened at $556.3, a $3.1 change from yesterday’s settlement. Just after the opening, market lost some of the gains coming back to the $554 area but soon recovered the opening level and traded near the $558 sideways channel until 3pm, when followed by raw sugar, whites started to go up, reaching $562 by 2pm and registering its daily high at $565 near 3h30pm. At 4pm, market went back again to the $562 zone until closing when it got stronger again and closed at $564.9, almost breaking the daily high. Mar’23 settled valued at 564.1, a $10.9 change from yesterday’s settlement (+1.97%) with the white premium at 110.31 and Mar/May spread at $21.1.
