Morning Call Aug 06th, 2026

NY #11 October 2026 advanced another 11 points to US$ 15.15 c/lb, gaining 65 points in a week, as CS Brazil mills struggle to raise their sugar mix despite more attractive prices vs. ethanol.
 

Brazil: some producers are reporting lower sucrose extraction from cane as June rains and July showers increased vegetal and mineral impurities, alongside record-pace crushing limiting mix flexibility.
 

CS Brazil: cane crushing reached 50.65 mmt in 1H July, up 2.6% YoY, according to MAPA, totaling 267.13 mmt since April, 4.1% more than same period of 25/26.
 

CS Brazil: sugar production reached 3.19 mmt in 1H July, down 5.7% YoY, totaling 13.92 mmt since Apr 1st (-11.2% YoY).
 

CS Brazil: ethanol production increased 12.1% YoY to 2.43 bi liters in 1H Jun, totaling 13.95 bi liters since Apr 1st (+18.7% YoY).
 

Brazil: sugar shipment nomination rose from 31 to 38 vessels this week carrying a combined 1.517 mmt — still 51.1% below the volume scheduled a year ago, reflecting softer demand and higher freight costs amid Middle East conflicts, according to DATAGRO line-up.
 

Brazil: berthing wait time at Santos CLI berths 16/17 held steady at just 1 day, vs. a 13-day average a year ago, according to DATAGRO line-up.
 

U.S. ethanol production fell 2.3% WoW to 1.107 mbpd (+1.3% YoY) in the week ended July 31 – stocks declined 0.8% WoW to 24.524 million barrels (+8.3% YoY).
 

U.S. gasoline consumption was nearly flat at 9.031 mbpd — the lowest for this period since 2023, reflecting high-price demand pressure even during the summer driving season.
 

Germany: green leafhopper continues to spread across key beet-growing regions, with WVZ monitoring showing advances in Bavaria, Hesse, Saxony-Anhalt, Lower Saxony, and Rhineland. The infestation began significantly earlier than in 2025, with captures exceeding last year's levels in several locations and rapid population surges — aided by the late-June heatwave.
 

Pakistan Sugar Mills Association (PSMA) has requested immediate government authorization to export 585 k mt of sugar.
 

Pakistan: PSMA estimates a surplus of 1.158 mmt at the start of the 26/27 season on November 15. For the new crop, PSMA projects a record sugar output of 8.0 mmt.