Today, sugar No.11 opened above yesterday’s closing at 27.53 and reached the day’s high within the first 10 minutes of the session, at 27.72. From the first 30 minutes of the session, the market exhibited a predominantly downward movement, surpassing yesterday’s closing near 1:00 pm. Prices attempted to recover several times but only succeeded after reaching the daily lows at 27.10, at which point they stabilized. With low buyer activity, they began to rise again to the level of 27.40, facing another downward movement due to seller activity and closing near 27.32. Settlement price was 27.48, a -3 points movement from previous settlement. Volume traded was 48k lots.
Today, white sugar No.5 opened above yesterday’s closing, immediately reaching its session’s high at $754.8. From that point, the market exhibited a predominantly downward movement, surpassing the previous closing near 10:00 am. Prices attempted to recover several times but only succeeded after reaching the daily lows at $737.5, around 3 pm, at which point they stabilized. With low buyer activity, they began to rise again to the level of $744, facing another downward movement due to a reasonable amount of selling activity, and recovering towards the end of the session, with strong buying positions, closing at $746.9. Settlement price was $745, a -$4.4 movement from previous settlement.
