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US Sugar #11 Futures - May 24 (SBK4)

Real-time capital.com
Symbol
Exchange
Currency
SBDerivedUSD
SARTSc1MoscowRUB
SBc1ICEUSD
SBc2ICEUSD
SBc3ICEUSD
SBc4ICEUSD
SBc5ICEUSD
SBc6ICEUSD
SBc7ICEUSD
Currency in USD
Disclaimer
19.42
-0.58(-2.90%)
Closed

US Sugar #11 Futures Discussions

investing.com says strong buy!
 What gained people whom you promised prices above 28. So far... nothing. So please enjoy a scent of bearishness. Water your longs for bears will come to eat them imminently...
you did say it would cross 26 last week correct?
 You are shouting for few weeks 30-36. I am much closer :)
nice move today , moving north fast!!
Many bears got excited about a little consolidation. Some even pointed to Brazilad as a reason. Brazils sugar production wss not a suprise and well kniwn. Never about Brazil. All about Indian ocean postive dipole. Many unware what it means for the sugar production. If they did they wouldnt be bearish.
the drought will continue until dec. I dont think thats priced in yet
Buy rumors sell facts. Only facts left.
Not topping action. You said it breaks 26 this week. That would be topping action. You were wrong again
This is not what you expect to see if a too was in. A little correction got thr bears excited. Again study what a postive indian ocean dipole means for the region. Brazil situation was well known and has nothing to do with this move higher
Nice test of support up trend continues. Brazil is one country it can not make up for big production problems in india thailand usa abd china.
In this week the price will slide under 26
i am sure you hope so
 The price is very tempting... for sellers.
Jakub,Good calls on sugar movement. Its been very strong downside move from 27.50. I think we see 25 by end of the week. Could be ambitious by me, but thats where the math from Brazil takes us.
i think we should revisit 26.85 area first, if reejected we could see 26.10 25.40 25.... longer term 22 target but also possible 28.20 before 22
 I would not buy crops from Indians. Last time when they cried about driness the price was between 10 and 13. I don't trust Indians :D
Now it is ready for stronger pullback.....27.4 should be sl
So tell me Jason. How much of sugar will eat poor Chinese shareholders of Evergrande?
 I gave you a hint today. Now I give you advice: China relies on sugar imports, predominantly from Brazil, to meet demand of about 15 million tonnes a year. But arrivals during January-August 2023 plunged 42.3% from a year ago to 1.57 million metric tons, according to General Administration of Customs data.
😴. Way more then that will be lost in india snd Vietnam. Its a supply problem not a demanf problem. Stufy what a postive indian ocean dipole means to sugar profuction in India and Vietnam should be your focus.
I know India very well. Their reports are really scammy. Most of mills are owned by politicans who just must earn money by exporting sugar. Range 24 and above is always place for placing shorts. Higher the better. And i can wait for similiar price action as coffee price did. Longs are good between 9 and 13. Then is mediocre teritory.
Another weekly close higher. Pretty sure thats not bearish actoon 🤣
yeah. and another 1,2 mmt sugar more from Brasil just in face for the bulls ;D
BloombergThe Global Sugar Shortage Is About to Ease Thanks to a Corn Supply Boom
Stating that the government didn't find the need to impose any stock limit on sugar, he added that the new harvest will be available in another month, which will cool down prices further.Pointing out that the existing rainfall deficit for the sugarcane crop was partly wiped out in Maharashtra and Karnataka due to better rainfall in September, he said that production estimates for sugar have improved further.
I might need to wipe out my long🥲
 Yes. Time to short badly.
it's going to be snaky (up and down) for a while. I place an order up and down, like some kind of "borders", I do trading in bettween and I earn a good amount of money! of course trying to have the due respect, and no playing stupidly!
I bought everything I have in Sugar!
Bears about to go quiet again
Seems bear come out
they have their days i have my weeks. Most dont even understand what a postive Indian ocean dipole is yet alone what it means for sugar in the region. Commodities dont ever go straight up snd the bears barking the loudest are deeply in the red
If you think that some delusional el nino can win against FED's rates you are really mad. Especially Jason.
someone so far in the red can only hope right now
You should know, Jason.
lol i should? Up over 45 k on this trade
Sugar looking very strong. People who short because of price alone should do their homework. Postive Indian Ocean Diplole matters a great deal. It isnt rocket science
Zoom Zoom!!
The indian Ocean postive dipole is pretty easy to see and its affect on the region is beng seen.It will continue to bring dry conditions to the region
Good to see here..
supportive price action!
Looks good
highest close since 2011
Bears like Jakub can only talk smack when markets are closed. He will be quiet again next week.
He starts barking and has been short this a long below and even worse with cocoa. Just not very bright.
There were plenty flawless heroes as you here. After some time nobody heard of them. Let's see. You started your hype in October 2021. That is ludicrous. Look at my start. February 2014. Unlike you I do not disappear after your followers lose plenty of money. So just shut up, take you money and get out of here.
...on comments from  India's Food Secretary that sparked long liquidation in sugar futures when he said India has enough domestic sugar supplies to meet demand during upcoming festivals.  His comments fueled speculation the Indian government may allow sugar mills to boost their sugar exports. Here, take it, Jason, you will need a lot of sugar to sweeten your losess.
Lol the weather will decide this nit speculation. Cant export what you dont have. If that was truly believed it wouldnt just drop to 26.90 area. Nice try though 🤣
I only have profits you only have losses
 I am drawing your attention. That what I can say from your behaviour :D
A nice weekly close of 26.91 bulls are taking it to the bears. Bears are ignoring whats going on in major sugar producing areas in asis. Just seen Hacketts maps on that. #stillnotbearish
Narcisisst
“If support conditions are not invalidated, the next leg higher for raw sugar may be the August 2011 high of 31.85 cents,”
Multi-year highs scored today! step back non-believers
Lots of top pickers want to sell a 52 week high. They will be wrong
Lots of top pickers want to sell a 52 week high. They will be wrong
Will end red today
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