Today, No.11 opened at the same level as yesterday’s closing. In the first two hours of trading, the market experienced an upward movement, reaching the level of 27.20. Over the next two and a half hours, the market faced a lack of volume, remaining at the same level. Near 1:00 pm, the market regained some volume, leading sugar prices into an upward trend over the next two hours, reaching the daily high around 3:00 pm, at 27.50. Over the last two hours, the market exhibited both upward and downward movements, reaching 27.45 and 27.17, and closing at 27.37. The settlement price was 27.34, which was 30 points higher than yesterday’s settlement. The volume traded amounted to 37k lots, and the H4K4 spread closed at 1.33, an increase of 0.03.
Today, white sugar No.5 opened slightly above yesterday’s closing, at $735.10. In the first four hours of trading, the market exhibited both upward and downward movements, reaching $736, dropping to its lower price at $733. At 11:00 am, the market gained some volume, leading sugar prices into an upward trend over the next five hours, stabilizing at $742. Close to the end of the session, the market experienced both upward and downward movements, dropping to the $738 level and then recovering to the daily high at $743.80, closing at $742.70. The settlement price was $741.80, up +7.6.
