Today No.11 opened at 27.16, 7 points above yesterday’s settlement. Initial trading hour was quiet with some upward bias. It was around 10 am when volumes started to increase, and sugar gained momentum. Going to trade around 27.40. The next hour printed a sideways movement and by 12pm, another push was seen. At 1h30pm, No.11 was trading around 27.60. A sudden correction followed around 2 pm, when market went back to 27.40s. Bullish sentiment was still highly present, and market went up to trade at daily high of 27.69. Another correction followed and market retreated to 27.30s zone, Another strong push was seen towards closing, with No.11 ending the trading session negotiated at 27.57. Settlement price was 27.51, a +42 points movement from previous settlement. Volume traded was 68k lots and H4K4 spread closed at 1.3 (+2 points up).
Today whites market opened at $733.8, up $0.8 from yesterday’s settlement. Strong bullish move was seen during the day with market touching $745 and strayed trading at those levels until 12pm. Daily high was registered in the subsequent moments, when market traded at $757.6 around 1h30pm. A correction followed throughout the session and market went down to trade around $746 in the half hour preceding closing. A strong push was then seen towards settlement and Z3 closed at $752.1. Settlement price was $749.4, up $16.4. Volume traded was 11.5k lots, considerably higher than previous days.
