Sugar Extends Recovery as Oil Rebounds (5 November 2026)
Sugar extended its recovery on Thursday, although both benchmarks surrendered much of their intraday strength by settlement. March raws gained 0.09 cent, or 0.49%, to 18.56 cents/lb, a second consecutive advance. December whites rose $2.40, or 0.48%, to $499.90/tonne, remaining just below $500 on the official settlement.
March traded between 18.35 and 18.87 cents, briefly moving above the broken 18.85 level before settling 0.31 cent below its high. The two-session recovery has regained 31.5% of Tuesday’s loss. December whites traded through Tuesday’s $506.00–508.50 gap to $509.80, but settled $9.90 below that high after also touching a lower low of $496.10.
May raws gained 0.10 cent to 18.01 and July added 0.09 cent to 17.63. The first six raw maturities rose, while July 2028 onward weakened. Whites mostly advanced: March added $0.90 to $518.20 and May gained $2.80 to $523.10. May 2028 was the exception.
