Sugar closed on Wednesday, October 7 with mixed variations in New York and declines in short-term contracts in London. In Brazil, the CEPEA/ESALQ white crystal sugar indicator fell 0.16% to R$ 122.58 per bag, while hydrous ethanol rose 1.25% to R$ 2,719.00 per cubic meter.
Sugar closed the session on Wednesday, October 7 with a mixed performance in New York and declines in short-term contract months in London, while in the Brazilian domestic market white crystal sugar lost ground and hydrous ethanol kept its upward trajectory.
On the ICE Futures U.S., raw sugar closed with mixed variations. The March/27 contract advanced 0.01 point, to 20.83 cents per pound; May/27 retreated 0.02 point, to 19.97 cents per pound, and July/27 fell 0.02 point, to 19.42 cents per pound.
Among the other contract months, October/27 slipped 0.01 point, to 19.24; March/28 rose 0.01 point, to 19.46; May/28 gained 0.04 point, to 18.48; July/28 advanced 0.08 point, to 17.91; and October/28 added 0.10 point, to 17.78 cents per pound.
On the ICE Futures Europe, white sugar declined in short-term contracts. December/26 fell US$ 0.80, to US$ 555.70 per ton; March/27 lost US$ 3.10, to US$ 565.70; and May/27 dropped US$ 4.40, to US$ 568.80 per ton.
August/27 retreated US$ 4.00, to US$ 560.70; October/27 gave up US$ 3.00, to US$ 550.00; and December/27 fell US$ 1.60, to US$ 541.50. In the longer-dated positions, March/28 advanced US$ 0.50, to US$ 536.20, and May/28 gained US$ 1.60, to US$ 527.90 per ton.
In the São Paulo market, the CEPEA/ESALQ white crystal sugar indicator posted a new decline: on Tuesday, October 6, the 50-kilogram bag traded at R$ 122.58, a retreat of 0.16% for the day and a cumulative gain of 1.21% in October. In dollars, the reference stood at US$ 24.62.
The ESALQ/BM&FBovespa Posto Paulínia Daily Hydrous Ethanol Indicator closed higher, with the cubic meter trading at R$ 2,719.00, a gain of 1.25% in the daily comparison and of 2.89% in the October cumulative.
