Sugar Extends Decline as Oil Slumps and Brazilian Hedging Persists (2 November 2026)
Sugar fell on November’s first trading day, extending Friday’s losses. March raws settled 1.55% lower at 19.06 cents/lb, while December whites declined 1.34% to $509.40/tonne. Both made lower highs and lower lows and finished close to their session bottoms.
March raws traded between 18.99 and 19.46 cents, settling just 0.07 cent above the low. December whites ranged from $508.50 to $521.20 and finished $0.90 above the bottom. Raw sugar settled below the 19.10 cents recorded during the 26 October sell-off, while white sugar broke that session’s $510.60 low. Both benchmarks have surrendered last week’s recovery on a settlement basis.
Losses extended through the actively traded contracts. May raws fell 0.30 cent to 18.55 cents and July lost 0.28 cent to 18.19. March whites declined $9.80 to $526.10/tonne and May fell $10.10 to $532.40, losing more in percentage terms than December.
