REPORTS

Barchart - Sugar prices on Monday climbed to 1.5-week highs and settled higher as dollar weakness (DXY00) spurred short-covering in sugar futures.  

Last Tuesday, NY sugar posted a 4.25-year nearest-futures low, and London sugar posted a 4-year low as they extended their 7-month downtrend due to prospects of abundant global sugar supplies. Last Tuesday, StoneX projected a global sugar surplus of +2.8 MMT for the upcoming 2025/26 season, switching from a deficit of -4.7 MMT in the 2024/25 season.