Today K4 opened at $639, up $0.7 from Friday’s settlement. Today market saw thin volumes with US holiday, registering daily high in the beginning of the trading session, being negotiated at $640.1. Nearby opening levels were sustained until 10am when sellers appeared bringing market down to $633.3 near 11am. Further weakness followed through the day, until 1pm, when daily low was registered at $631.8. From that point until the end of the sessions market traded sideways to close valued at $632.1. Settlement price was $632.1, down $6.2 from Friday’s settlement (1% down move). Volume traded was 1.7k lots.

Sugar market No.11 is closed today in observance of “Presidents’ Day” holiday.

 

Jon Whybrow

Jon joined CZ in 1991, working in the Treasury department before moving to join the derivatives team in 1994. Over 30 years Jon has built up significant experience across derivatives markets and products, particularly sugar, and is now Head of Flow derivatives providing market execution services for CZ’s global client base. He is responsible for the market commentaries which are published each day on CZ app.

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