MARKET UPDATE - 3 AUGUST 2015
It was a choppy week of trade for raw sugar futures, as early-week price action remained in a 26-point range. The latter part of the week was highlighted by a flat-prices rally (prompt October15 to a top of 11.64c/lb) before the ICE 11 crumbled to life-of-contract lows following a weaker Brazilian Real on the week’s close.
MARKET UPDATE - 27 july 2015
Another failed rally saw raw sugar futures trade lower for seven consecutive sessions. Spot contract Oct 15 traded up to levels not seen since April at 12.80 c/lb. However, all gains made across an early-week run were retraced as losses quickly mounted.
market update - 20 july 2015
Despite trading solidly, raw sugar futures failed to maintain a three-day rally which saw the OCT15 contract trade to a top of 12.80c/lb. Choppy trading toward lower prices followed as OCT15 bottomed out at 11.92, and closed at 11.96c/lb – 49 points down on the week. Friday’s Commitment of Traders report was the feature event of the week, a considerable shift in non-index funds net position.
2014 Season pool results
The 2014/2015 Financial Year has come to a close, bringing with it the end of QSL’s 2014 Pool activities. Despite a continuing global raw sugar surplus which supressed ICE 11 values throughout the period, all of QSL’s 2014 Pools outperformed the passive benchmark (i.e. the average return that would have been achieved without a market view) by between $32 and $70. For full details of our 2014 Pool results, click here.