Insight Focus
Raw sugar futures traded above 20c/lb. End-users closed out 7.6k lots of long positions. Both the No.11 and No.5 futures curves have strengthened.
New York No.11 Raw Sugar Futures
The No.11 raw sugar futures strengthened slightly over the past week, closing at 20.4c/Ib last Friday.
End-users closed out 7.6k lots of long positions while producers added to their position by opening 6.3k lots of shorts.
No.11 Commitment of Traders Report (11 February 2025)
Speculators have opened 5.3k lots of long positions over the past week, while closing just under 1k lots of short positions.
The net-short position now stands at -120.8k lots.
The No. 11 forward curve has strengthened across the board.
London No.5 Refined Sugar Futures
Last week the No. 5 refined sugar futures (H’25) expired at USD 549.9/tonne on Friday and have since been trading above USD 540/tonne.
No.5 Open Interest
The No.5 refined sugar futures curve has also strengthened across the board.
White Premium (Arbitrage)
During the week of the expiry the H/H white premium traded between USD 89.5-109.7/tonne. The K/K white premium currently stands at USD 115.1/tonne.
For a more detailed view of the sugar futures and market data, please refer to the appendix below.
No.11 (Raw Sugar) Appendix
No.5 (White Sugar) Appendix
White Premium Appendix
