Analysis DATAGRO
NY #11: March 2027 advanced 33 points in the latest session to US$ 18.94 c/lb, moving closer to the 19-cent mark amid the release of MAPA data for 1H September in Center-South Brazil.
NY #11: according to ICE Futures, physical raw sugar deliveries against the October 2026 contract totaled 1.452 mmt (28,574 lots). All delivered sugar originated from Brazil.
CS Brazil: cane crushing reached 30.16 mmt in 1H September (-34.2% YoY), bringing cumulative 26/27 crushing to 443.71 mmt (-1.5% YoY), according to MAPA.
CS Brazil: industrial yield fell 4.2% to 149.59 kg TRS/tc, with the cumulative average at 132.94 kg TRS/tc since April 1st (-1.6%).
CS Brazil: sugar production mix reached 49.26% in 1H September, down 3.9 p.p. YoY, bringing the cumulative average since April 1 to 46.39% (-6.1 p.p. YoY).
CS Brazil: sugar production reached 2.12 mmt in 1H September (-41.6% YoY), bringing the cumulative total since April 1st to 26.07 mmt (-14.4%).
CS Brazil: total ethanol production fell 27.2% in 1H September to 1.721 billion liters, including 374 million liters from corn (-4.0%) and 1.346 billion liters from cane (-31.7%).
U.S.: ethanol production fell 2.0% last week to 1.007 mbpd (+1.2% YoY), reducing inventories by 820,000 barrels to 23.865 million barrels (+4.8% YoY).
U.S.: gasoline consumption fell 1.8% WoW to 8.689 mbpd (+2.0% YoY).
India: ISMA cut its estimate for raw sugar production in the 26/27 crop, excluding diversion to ethanol production, from 34.5 to 30.9 mmt.
India: according to the association, the revision reflects the impacts of weather conditions, lower cane yields, reduced sugar recovery, and red rot in Uttar Pradesh.
India: with industry-projected opening stocks of just 3.75 mmt, the lowest level in more than a decade, the possibility of export restrictions remaining in place increases.
Agenda para hoje
● CFTC.