Analysis from StoneX highlights that the 2026/27 sugarcane crop in the Center-South begins with a more balanced condition compared to the last months, following the advance in sugar fixations by producers. According to the consultancy, this movement reduces the selling pressure that had been limiting more significant increases in international prices. After recording a delay of up to 20 percentage points in fixations compared to the same period of the previous cycle, producers took advantage of the high window observed in March to accelerate sales. The fixed volume jumped from 41.8% to 59.5%, reducing the gap to about 10 percentage points compared to the 68.7% recorded at the end of March 2025. The scenario of firmer prices in the month was driven by the escalation of conflicts in the Middle East, which contributed to the reduction of sold positions by speculative agents. At the same time, producers, still delayed in fixations, took advantage of the liquidity to advance sales. In ...