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Barchart
Barchart
Rich Asplund

Sugar Prices Find Support on Commodity Index Rebalancing

India Brazil Citigroup ISMA ISO Thailand FAs USDA

March NY world sugar #11 (SBH26) on Tuesday closed up +0.05 (+0.34%).  March London ICE white sugar #5 (SWH26) closed up +3.90 (+0.92%).

Sugar prices settled higher today in anticipation of index-related buying of sugar futures this week for the annual rebalancing of commodity indexes.  Citigroup projects that the BCOM and S&P GSCI indexes, the two largest commodity indexes, will see inflows of $1.2 billion in sugar futures contracts week to rebalance the indexes.  

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