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US Sugar #11 Futures - May 24 (SBK4)

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SBDerivedUSD
SARTSc1MoscowRUB
SBc1ICEUSD
SBc2ICEUSD
SBc3ICEUSD
SBc4ICEUSD
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19.41
-0.01(-0.05%)
Closed

US Sugar #11 Futures Discussions

they try with huge bags of money to drive this market down... just can't stop a charging elephant
Plus high prices curbed demand, not to mention ozempic.
Brazil made 12,5 mln tons more sugar than year ago. All ready for export as real is weak. It offsets not only the whole export of india but also part of Thailand's. 65,2 mln tons produced already and we have a lot of time to make more.
Crude oil raising, Brazil will use sugar cane to produce oil rather than sugar
 Oil won't rise. It will collapse to 65-70
kiedy? when will go down?
Brazil: 98.02% more sugar than in two weeks 2022/2023. And India what, maybe 3-4% less sugar? Do you see the problem for bulls?
As i mentioned before bullis gossip are only legends
India set to impose restrictions on sugar export
 Only potentially? Wow. Was to be for sure. Now potentially. With 10 mln additional sugar from Brazil for export India can impose any ban only hurting its balance sheet.
kind of like it was to be sure 25 then 22 🤣
 And it will before the end of the year.
Nice close today for the bulls 💪🏻
So youre a bagholder, obviously. Holder amd buyer at nose bleed level. Its ironic because i added a contract to my march short.
i am a bag holder of profits. Your a bag holder of losses. Thats a huge difference my friend.
I did get out of the futures a traded around my options with. Now just options which are paid for 4 fold. So if that makes me s bagholder so be it
why sugar up? me no understand,should be down hard..
Attack on Israel will indirectly boost sugar prices. it's already started showing....Happy investing
Because rockets are made of sugar?
only one reason I trade...I simply can't afford not too...buy low sell high sell high and buy low...if you don't know the answer regardless what anyone else says or thinks you shouldn't place the trade ...be carefull and have fun... For Sugar prices will go up and prices will go down and there are plenty of good reasons for both directions have a plan trade your plan.
Was called a perma bull because i have been long for a month. Just follow the fundamentals and they are bullish
When will India really implement an export ban on sugar, like rice?
Reuters told October. And no ban until January. So Reuters just deceive the street.
The USDA's Foreign Agricultutral Service (FAS) projected 2023/24 Thailand sugar production at 9.4 MMT, down -15% y/y.
Brazil sugar production 25%. And export even more.
For Jakub from the Hindustan times newspapoet “India may ban or curb export of sugar in the new season that began on October 1, as a patchy June-September monsoon is anticipated to cut output in the world’s second-largest producer, two officials familiar with the matter said.” More on this in article
It just copied Reuters. Nothing more nothing less.
Nice solid close over 26 again. Doesnt look like the bullish trend is over
You know you are in the red when you start mentioning polish sugar beets and sugar taxes. Good for laughs 🤣🤣
you'll be piping down on your perma bullishness soon enough. for now, enjoy.
must be short
If you want go long you should be aware that Poland is reopening its strong in 1970's-1980's industry. They are starting from 18 factories and want to reach at least 60. So forget sugar above 27.
 Can you imagine I sold 24-27 to close positions somewhere in Jan-March?
 Yes. 20 is good. But remeber India will push production to the limits. And the most important. In 2019/20 deficit was -9.1 mln tonnes. The price: 10-14 USD. In 2022/23 deficit -2.5 and in 2023/24 ... -0.1. So as soon as stupid el nino superstision ends, we will be back to 10-14 with Poland outside UE ramping up production as well as India, Brazil and other countries in BRICS zone.
 And we have to remember that sugar consumption is taxed everywhere which is bad for demand. In 1999-2005 the price was between 4.40-11.20 which shows real potential for the prices.
Bear trap? 🤣🤣
wait for 26.40-50 area if u think to short not before, boyz are goin for bull orders abvoe in my opinion
5h, 1D, 1W three bearish formations. Yet Jason still claims we are going to da moon
So jakub any update regarding this december supply??
Looks so bearish. I am sure 22 any day now. 🤣
Be patient. No update. Overall look is still the same. Compare prior deficits with last two, you will see the point.
25 on the way. And then 22.
 And then magically we will be informed that India produced as much sugar as last season.
Hahahha thanks for your info jakub
You know it Jakub. Patience pays off
Despite official assurances, government measures being taken signal a tighter sugar supply situation
Where is the ban Jason???
you crack me up. How deep in the red are you? Drought isnt over. Watch and learn
 Most of my shorts placed between 24,50-27,00
With a deficit of -6%, the 2023 southwest #monsoon season in #India was below normal. The southwest monsoon is set for a rapid withdrawal from India, so drought or drought like scenario will prevail in many regions of the country with large rainfall deficits
No ban. Speaking on sugar export, experts referred to the situation as a “sugar market challenge” and suggested that the government could make a concrete decision regarding exports by assessing the estimated sugarcane and sugar production in the country after the season begins in October and making a decisive call by December or the end of January.
This means nothing lol.
 This means your followers are going to lose money.
27.50
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