Rising Brazil production bearish for sugar price
Mills in Brazil switch cane toward sugar or ethanol production depending on market prices. Brazil’s sugar inventory is building following the real’s slump against the dollar and weaker demand for cane-based ethanol during the coronavirus pandemic, according to Bloomberg. Mills shifted to sugar as a plunge by Brazil’s currency to a record low boosted sugar prices in reals for the industry. Brazil’s exports in the four months ended July surged 58% from a year earlier. Brazil is the top global sugar producer and exporter – it accounted for 27.1% of total sugar exports worth, with earnings amounting $5.2 billion in 2019. A rise in sugar supply is bearish for sugar prices.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Buy | |
| Fractals | Neutral | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 12.9 |
| Stop loss | Above 13.5 |
Market Analysis provided by IFCMarkets.com
- Gold Declines: Fed Policy and Geopolitics Weigh Jun 30, 2026
- Oil prices have once again risen above 70 dollars per barrel. The Australian dollar has updated a three‑month low Jun 30, 2026
- EUR/USD: The Advantage Remains with the Dollar Jun 29, 2026
- Escalation of the US–Iran conflict is once again supporting the rise in oil prices Jun 29, 2026
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
- Gold Falls to an Eight-Month Low: This May Not Be the Bottom Jun 25, 2026
- Stock indices came under heavy selling pressure amid growing skepticism about AI investments Jun 24, 2026
- The Pound Is Pressured Not by Politics, but by a Strong US Dollar Jun 24, 2026
- Global crude oil prices continued to decline. The AUD/USD exchange rate hit an 11‑week low Jun 23, 2026
- EUR/USD Remains Under Sellers’ Control as the Dollar Stays Strong Jun 23, 2026
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
