Weekly market report for December 1, 2023
Benchmark world sugar futures approached two-month lows near 26 cents at the end of October, presumably supported by a rebound in the dollar index [...]
World sugar continues bullish trend
Most-active Mar-24 #11 world raw sugar traded sideways in the second half of October, closing Oct. 30 below its 20-day average but settling Nov. [...]
ERS sees food price inflation slowing significantly in 2024
The September Consumer Price Index (CPI) for food was reported up just 0.2 percent from August, with food away from home leading the MOM [...]
Mexico sugar prices remain strong despite ongoing imports
Other than a brief period from mid-August through early September, Mexico’s sugar reference price has been rising since late February. Per trade sources, Mexico [...]
November WASDE shows higher corn yield
Corn outlook The November 2023/24 U.S. corn outlook is for greater production, domestic use, exports, and ending stocks. Corn production is forecast at 15.2 billion [...]
Mexico sugar prices still up strongly through October
For October as of Oct. 24, the average price for estandar sugar was 1,513 pesos per 50 kg, up 12 percent MOM and up [...]
Early October three-session rallies for world sugar futures
Benchmark Mar-24 #11 world raw sugar settled at 26.74 cents Oct. 6 after a three-session rally, straddling the 20-day moving average. The contract returned [...]
FAO reports world food prices down marginally in September
FAO reported global food prices down marginally in September (adjusted for inflation). Year on year, the Food Price Index (FPI) was reported down 12 [...]