On Thursday, amid the global overproduction, World sugar market the second consecutive trading session closed on the slide. So, Friday March futures on raw sugar on the New York Mercantile Exchange ICE, a decrease of 0,4% in relation to the previous session, to close at 19,38 cents / lb (427 USD per ton).
As reported by Bloomberg, next week the opinion of the experts surveyed were evenly divided: 4 Experts expect a decrease and, accordingly, 4 increase exchange quotations for raw sugar in the US.
The contract on FORTS for raw sugar was closed on the value of 14,3 points (+0,140%). Trading volume amounted to 512 contracts, or 7,438 million rubles. The number of open positions on the session – 17,674 thousand. contracts.
As of 02 November TG. the price of white sugar on the London Stock Exchange (December contract) was 538,60 Doll. Per tonne, change to the previous day of trading amounted to - 3,20 Doll. Per tonne downward.
Grain contracts showed multidirectional movement at the end of the trading session on Thursday. Wheat quotations are supported by data analysts. US winter wheat crop received from experts estimate is lower than expected.
Corn has fallen in price on news of Ukrainian wheat sales to Israel. market also suggests, US corn is still more expensive, than grain South American. spread narrowed, but traders worried, what lies ahead - a week of slow export sales.
Cocoa and coffee markets on Thursday also closed mixed. Cocoa futures on the session added 1,3%, and coffee fell by 0,8% (lowest level since the end of June this year) respectively.
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