Sugar: Futures market continues to work with devaluation this Tuesday afternoon in NY, United States

Published 2024년 7월 30일

Tridge summary

Sugar futures on the New York and London Stock Exchanges declined on Tuesday due to the progress of the Brazilian harvest and concerns over dry weather in Brazil. Raw sugar futures saw slight drops, with the October/24 contract at 18.88 cents/lb and the March/25 contract at 19.22 cents/lb. White sugar futures in London also fell, with the October/24 contract down 3.60% to $533.10 per ton. Despite concerns about Brazil's dry weather, favorable crop outlooks in India and Thailand limited price increases. Meanwhile, the financial market saw the dollar stabilize as investors awaited monetary policy decisions in Brazil, the US, and Japan.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Following the progress of the Brazilian harvest, sugar futures negotiations operate with devaluation on the New York Stock Exchange (ICE Futures US) this Tuesday afternoon (30). On the London Stock Exchange, future maturities also work with lows At around 12:10 pm (Brasília time), the October/24 contract for raw sugar was traded at 18.88 cents/lb and showed a slight drop of 0.13%. The March/25 contract had a decline of 0.10% and was being traded at 19.22 cents/lb, while the May/25 contract was priced at 18.40 cents/lb and had a devaluation of 0.07%. At the London terminal, futures contracts started working in a positive field and started to work with declines. The October/24 maturity date for white sugar registered a decline of 3.60%, at US$ 533.10 per ton. The December/24 contract recorded a loss of 3.80% and was traded at US$521.10 per ton. According to information from Reuters International, raw sugar futures on ICE were consolidating on Tuesday after reaching their highest ...

Source: NoticiasAgricolas