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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Sugar futures slip as premium climbs

Jul 25, 2011 04:11 PM

The premium for purchasing raw sugar in Brazil skyrocketed 37 percent in 96 hours, according to information provided by a sugar brokerage.

Bloomberg reports raw sugar for shipment in August from Santos, the largest port in Brazil, is selling from 1 to 1.3 cents per pound more than the price listed for October contracts, according to a Sunday report filed by Swiss Sugar Brokers.

"The cash premiums keep holding firm and trading even higher in some cases," states the report by broker Naim Beydoun of the Switzerland-based company.

At 2 p.m. on Monday, sugar futures dropped 1.91 percent, a .006 cent slip to .3074 cents per pound.

During the past month of trading in New York, the soft commodity has increased 21 percent amid preoccupations that Brazil's output will be smaller than originally projected. Premiums for crystal sugar, which represents 68 percent of domestic sales in Brazil, also are driving higher, the Swiss brokerage said.

Reuters reports raw sugar futures slipped in price on ICE after having been driven higher by supply reductions in Brazil.

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