Sugar
March #11 world sugar holds above 27.00 cents
Nearby Oct-23 #11 world raw sugar has been trading between 26.50 and 27.50 cents. The contract settled Tuesday at a...
Mexico sugar monthly update: September 2023
Review of Mexico’s sugar market, including production, exports, use, and industry news. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO...
U.S. sugar monthly update: September 2023
Review of domestic sugar market factors, including production and crop progress, demand, imports, and industry updates. OPEN POWERPOINTDOWNLOAD PDFInstructions for...
Mexico sugar exports down 36% YOY, imports surge
Through August, CNDSCA estimated Mexico’s sugar exports at 1.018 MMT, down 36 percent YOY. IMMEX sales were reported near 337,000...
#11 world sugar tests 27 cents
Most-active Oct-23 #11 world raw sugar reached a contract high of 26.98 Thursday. On Friday, the contract tried to push...
World food price in August the lowest since February 2021
FAO’s Food Price Index (FPI) fell 2.1 percent in August to 116.7 (adjusted for inflation), down 13.3 percent YOY and...
USDA rebalances U.S. sugar market as LA new crop cut 372,000 STRV
The September WASDE update is pivotal for sugar as one crop year is closed out and harvest gets underway for...
WASDE S&D update: Corn, sugar, & soy complex
From the Sep. 12, 2023 WASDE report.
Mexico estandar sugar reference price back on the upswing
Following reports of sugar imports from top-exporter Brazil and other origins, pricing for estandar sugar feel slightly from early July...
World sugar futures consolidating off recent highs?
After contract high on Tuesday and again Thursday, Oct-23 #11 world raw sugar tried to break resistance near 26.68 cents...
World sugar monthly update: September 2023
World sugar markets, including futures, production, consumption, trade, and weather. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO OPEN IN...
World sugar higher, buoyed by crude oil rally
Oct-23 #11 world raw sugar moved to a higher range this week, breaking retracement resistance near 25.00 cents and the...
Hurricane season heats up, but Idalia may spare energy, cane
This past week, the U.S. saw the first named hurricane of 2023 as the Category 3 storm, Hurricane Idalia, made...
Drought, fertilizer to support Mexico sugar prices next season
After weakening slightly in July and early August, estandar sugar prices in Mexico have started appreciating in the last three...
Consumer Price Index for foods up 7.1% YOY
The Consumer Price Index (CPI) for food rose 0.3 percent in July and was reported up 4.9 percent YOY, per...
Mexico’s sugar imports rise, prices still sticky
In the week of Aug. 18, Mexico’s estandar reference pricing was flat from the previous week following five weeks of...
Sugar futures remain mostly rangebound
Oct-23 #11 world raw sugar continued trading sideways in August, closing the week at 23.76 cents after multiple tests of...
Mexico sugar monthly update: August 2023
Review of Mexico’s sugar market, including production, exports, use, and industry news. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO...
U.S. sugar monthly update: August 2023
Review of domestic sugar market factors, including production and crop progress, demand, imports, and industry updates. OPEN POWERPOINTDOWNLOAD PDFInstructions for...
Slight weakness for Mexican sugar reference prices
Mexico sugar reference prices have weakened further, enough to bring them down below the four-week average. After five weeks of...
Less sugar demand, more imports lift 2023/24 STU to 15.2%
The most interesting changes to the USDA supply and demand estimates this month were increases in imports and the follow...
WASDE S&D update: Corn, sugar, & soy complex
From the Aug. 11, 2023 WASDE report.
June CPI up 0.1% for all food, down 0.1% for food at home
ERS estimated the Consumer Price Index (CPI) for all food up about 0.1 percent in June, nearly flat on a...
World sugar monthly update: August 2023
World sugar markets, including futures, production, consumption, trade, and weather. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO OPEN IN...
Mexico sugar prices show slight weakening
Estandar pricing weakened marginally over the last month, while refined pricing has been more obdurate. Average August pricing to date...
World sugar moves to four-week low at week-end
Nearby Oct-23 #11 world raw sugar traded sideways in the past week, sliding in the last three sessions to close...
Vegetable oils push Food Price Index higher in July
FAO reported a 1.3 percent (1.5 index points) increase in its Food Price Index (FPI) from June to July. Adjusted...
Mexico refined sugar pricing continues rising
While estandar sugar reference pricing slipped slightly lower through much of July, refined pricing continued appreciating. Average July estandar pricing...
World sugar futures halt rally, find short-term support
Most-active Oct-23 #11 world raw sugar moved mostly higher in July after its late-June close of 22.08 cents, a three-month...
Mexico sugar monthly update: July 2023
Review of Mexico’s sugar market, including production, exports, use, and industry news. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO...
World sugar futures rallied this week
Most-active Oct-23 #11 world raw sugar rallied in the last four sessions after finding short-term retracement support (and the 20-day...
U.S. sugar monthly update: July 2023
Review of domestic sugar market factors, including production and crop progress, demand, imports, and industry updates. OPEN POWERPOINTDOWNLOAD PDFInstructions for...
Higher Mexico sugar prices pressure domestic use
In the week of Jul. 10, reference pricing for estandar sugar in Mexico slid marginally lower—the first week-on-week drop since...
2023/24 sugar STU boosted to 13.5%
The July WASDE sugar supply and demand numbers saw changes across the board for both 2022/23 and the new crop...
WASDE S&D update: Corn, sugar, & soy complex
From the Jul. 12, 2023 WASDE report.
Mexico sugar reference prices boost food costs
In the first week of July, reference prices for sugar made further gains, continuing the rally of the previous four...
World sugar monthly update: July 2023
World sugar markets, including futures, production, consumption, trade, and weather. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO OPEN IN...
Sugar futures stay near recent lows
Benchmark Oct-23 #11 world raw sugar saw a rapid drop through the second half of June, closing Jun. 29 at...
World Food Price Index down 22% YOY
FAO reported its Food Price Index fell 1.4 percent in June (adjusted for inflation), putting the index down 22.3 percent...
Mexico cane campaign over with crush down 13% YOY
As of Jun. 24, Mexico’s 2022/23 sugarcane crush campaign is over—three weeks earlier than the end of last season’s crush....
Beet & cane sugar prospective 2023 acreage
Beet New-crop beet area planted is now estimated at 1,128,500 acres, up 17,700 acres from the March Prospective Plantings report....
Mexico sugar monthly update: June 2023
Review of Mexico’s sugar market, including production, exports, use, and industry news. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO...
Disappointing Mexico cane campaign draws to an end
Mexico’s 2022/23 crush campaign is essentially over. In the last reported week, ending Jun. 17, only San Rafael de Pucté...
U.S. sugar monthly update: June 2023
Review of domestic sugar market factors, including production and crop progress, demand, imports, and industry updates. OPEN POWERPOINTDOWNLOAD PDFInstructions for...
World sugar corrected lower at end of week
Benchmark Oct-23 #11 world raw sugar has traded sideways in the last two months from about 24.00 to 26.30 cents....
Bullish close to the week for sugar futures
Nearby Jul-23 #11 world raw sugar continued its two-week bullish trend, rallying in the last three sessions to close Friday...
Mexico production lags with only three mills still crushing
In the week ending Jun. 3, sugarcane crush and sugar production of 208,751 MT and 23,557 MT, respectively were both...
Domestic sugar WASDE bullish with 2023/24 STU at 10.6%
The June WASDE was moderately bearish for both the old and new crops, with stocks-to-use lowered less than a point...
WASDE S&D update: Corn, sugar, & soy complex
From the Jun. 9, 2023 WASDE report.
World sugar monthly update: June 2023
World sugar markets, including futures, production, consumption, trade, and weather. OPEN POWERPOINTDOWNLOAD PDFInstructions for Using ContentCLICK IMAGE TO OPEN IN...
Weekly sugar production down 57% YOY
Through the end of May, Mexican sugar production for 2022/23 was down over 14 percent YOY. In the last week...
World sugar futures trade sideways
Nearby Jul-23 #11 world raw sugar trailed lower in the last week, tracking the lower Bollinger Band and settling Friday...
Mexico’s sugar production remains poor
Mexico sugar production in the last week of May totaled 36,808 MT, less than half of production of 86,502 MT...
Sugar futures soften with dollar appreciating
After trading mostly sideways in the past month and reaching a contract high of 26.66 cents, benchmark Jul-23 #11 world...
Mexico sugar prices still rising as production lags
CNDSCA reported Mexico 2022/23 sugar output through May 13 at 5.10 MMT, down nearly 13 percent YOY, matching the YOY...
Mexico sugar monthly update: May 2023
First look at 2023/24 supply and demand. Can Mexico’s new crop recover? Update on 2022/23 production and exports.
July #11 world sugar at one-month low
After last week’s contract high at 26.66 cents, benchmark Jul-23 #11 world raw sugar slipped lower over the past week,...
Mexico sugar crop down 12% YOY, estandar pricing up 27%
Through May 6, Mexico’s sugarcane crush and sugar production continued to lag behind recent seasons. Cane tonnage, the yield of...
U.S. sugar monthly update: May 2023
Initial 2023/24 forecasts. 2023/24 sugar demand seen higher. Updates on deliveries and imports.
Domestic sugar still bullish with 2023/24 STU seen at 11.3%
The May WASDE starts the coming season’s supply and demand estimates for most crops including sugar. And right off the...
WASDE S&D update: Corn, sugar, & soy complex
From the May 12, 2023 WASDE report.
Food Price Index up 0.6% in April, first rise in 13 months
Adjusted for inflation, FAO’s Food Price Index (FPI) for April rose 0.6 percent from March—the first monthly increase in 13...
Mexico low-pol sugar output down nearly 106,000 MT YOY
Through Apr. 29, 2022/23 sugar production reached 4.86 MMT, down 11 percent from the five-year average and a four-year low....
World sugar futures fail to break last week’s multiyear highs
Most-active Jul-23 #11 world raw sugar set a contract high of 26.35 cents last Thursday, lower from Friday through Tuesday...
World sugar monthly update: May 2023
First 2023/24 world S&D forecast. World futures consolidate off recent highs. Updates on key sugar origins.
Tropical weather outlook for summer 2023
Long-range forecasts for this coming summer are providing insight on what to expect in both the Pacific and Atlantic Oceans....
Mexico sugar YTD production down 11% YOY
Mexico cane area through Apr. 22 was still outpacing last year’s campaign, but both cane crush and sugar production are...
Benchmark #11 sugar up 27% in the last month
Most-active Jul-23 continued its April rally this week, settling Thursday and Friday at 26.35 cents, levels not seen since 2011....
CNDSCA cuts Mexico’s 2022/23 cane sugar forecast
In its third crop estimate for 2022/23, CNDSCA pegged final harvest area at 813,831 hectares (ha), above the historical trend...
Sugar futures continue bullish tear
With the dollar index near its recent one-year lows and crude oil only now slipping from five-month highs, world and...
Mexico estandar sugar price up 19% YOY
Reference pricing for Mexican sugar has continued to strengthen. In the April WASDE, USDA raised its crop forecast for 2022/23...
Mexico sugar monthly update: April 2023
Review of 2022/23 crop estimates. USDA still sees U.S. imports of Mexican sugar seen down 5%. Mexico sugarcane industry news.
World sugar consolidated off recent highs, domestic pushed higher Friday
After rallying in the last two weeks, most-active Jul-23 #11 world raw sugar settled Tuesday at a contract high of...
U.S. sugar monthly update: April 2023
USDA adds to forecast imports—except from Mexico. Stocks-to-use up to a 14.9%. Domestic food use deliveries up 1.7% YOY.
Sugar prices still strong even on 2022/23 STU up to 14.9%
With sugar production for the 2022/23 season nearly complete, imports and USDA actions to manage supply and demand take center...
WASDE S&D update: Corn, sugar, & soy complex
From the Apr. 11, 2023 WASDE report.
Poor Mexico sugar campaign still buoys prices further
At the start of April, Mexico sugar pricing continued rising, presumably supported by the poor production figures this season. In...
Technicals show overheated sugar markets after rallies
Following March’s sideways trading below 21.50 cents, nearby May-23 #11 world raw sugar settled Friday at a fresh high of...
World sugar monthly update: April 2023
World sugar futures continue bullish run. Ethanol to further pressure Brazil & India exports? Weather challenges in Brazil center-south.
Mexico sugar prices rising as crush is still down YOY
In the week ending Mar. 25, harvest area again outpaced the same week a year ago, but cane tonnage was...
Grain, sugar beet plantings expected to increase in 2023
USDA’s 2023 estimation for corn planted acreage is up 4 percent from 2022 at 92.0 million acres. This was slightly...
Sugar futures climb again
Breaking prior resistance near 21.25 cents, May-23 #11 world raw sugar closed Tuesday at a contract high of 21.31 cents....
U.S. food inflation 0.4% in February
USDA reported the February food Consumer Price Index (CPI) up 0.4 percent from January and up 9.5 percent YOY. The...
Mexico estandar sugar reference price up 13% YOY
At the start of the week, refined pricing slackened slightly, but estandar pricing continued rising. The drop in pricing for...
World raw sugar contracts rangebound in recent weeks
Benchmark May-23 #11 world raw sugar has traded mostly sideways in March, from about 20.50 cents to 21.15 cents. The...
Mexico estandar sugar pricing up 12% YOY, refined up 16%
For March to date, harvest pressure seems to have vanished as the crop outlook remains poor and production forecasts have...
World raw sugar slips from recent highs
After its record high at 21.16 cents on Mar. 13, May-23 #11 world raw sugar moved lower in mid-March, consolidating...
Mexico sugar monthly update: March 2023
Smaller 2022/23 crop, exports for Mexico. Reference sugar prices strengthening. Likely rains across Gulf Coast.
FAO Food Price Index down for 9.7% YOY in February
FAO’s world Food Price Index, adjusted for inflation, fell 0.6 percent in February and was down 9.7 percent YOY; this...
U.S. sugar monthly update: March 2023
U.S. ups expected sugar demand. How much will Mexico be able to sell to the U.S.? All U.S. imports through...
USDA reallocates 224,240 MT of the 2022/23 raw tariff-rate quota
In the March WASDE report, USDA reported the estimated shortfall in raw tariff-rate quota (TRQ) imports at 255,000 STRV (short...
Mexico sugar prices rising in March?
Sugar production in the week ending Mar. 4 was 259,951 MT, down about 4 percent YOY thanks to a significantly...
World sugar climbs further at close of week
Most-active May-23 #11 world raw sugar reached fresh contract highs Tuesday and again Thursday, breaking psychological and retracement resistance above...
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September 22, 2023