Sugar fell

As of July 11, 2017, the near-month sugar futures for both the No. 11 and No. 5 contracts extended losses, continuing last week’s trend. The No. 11 contracts are traded in the United States, while the No. 5 contracts are traded in London. The numbers indicate the shipping cost structure for those commodities.

Sugar Commodities Futures Update as of July 11

Weekly movements

On July 11, the near-month futures for sugar commodity No. 11, expiring on September 29, 2017, fell 3.6% to 13.5 cents per pound, from 14.0 cents per pound a week ago. The current prices are far from the peak of a little under 24.0 cents per pound a year ago in 2016, as you can see in the above graph. Year-over-year, No. 11 sugar is trading 34.0% lower.

Similarly, the near-month futures for sugar commodity No. 5, expiring on July 14, 2017, fell 2.0% to $398 per metric ton, from $410 per metric ton a week ago. The No. 5 sugar commodities were trading about 28.0% lower year-over-year as of July 11.

Sugar Commodities Futures Update as of July 11

Forward curve

The forward curve for all future maturities for the No. 11 commodity has shifted lower week-over-week, as you can see in the above graph. This trend was also observed for the No. 11 commodities, which aren’t shown in the graph.

Falling sugar prices certainly help confectionary producers (SGG) such as Mondelēz International (MDLZ), Hershey (HSY), Tootsie Roll Industries (TR), and Rocky Mountain Chocolate Factory (RMCF) by lowering their input costs. These companies also use cocoa commodities for their products. We’ll look at cocoa commodities in the next part of this series.

Latest articles

Today, Canopy Growth announced that it acquired the Saskatchewan-based KeyLeaf Life Sciences along with entities relating to the company and its intellectual property. Here's what you need to know about the completed deal.

Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.

On June 24, RH (RH) was trading at $115.01, implying a rise of 21.2% since its announcement of its first-quarter earnings results on June 12. Despite the surge in its stock price, the company is still trading at a discount of 29.1% to its 52-week high.

26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.

172.31.38.64