Skip Navigation Links
FCStone   
Skip navigation links
Securities
Futures
OTC/Structured Products
Physical Trading
Risk Management
Investment Banking
Currencies
Delivery volume in NY boosts bearish trend - INTL FCStone Blog
International Assets Holding Corporation > INTL FCStone Blog > Posts > Delivery volume in NY boosts bearish trend
World Food Production Blog

 Disclaimer

The risk of loss in trading commodities can be substantial and FCStone, LLC assumes no liability for the use of any information contained herein.  Past performance is not necessarily indicative of future results.  Neither the information, nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts.  Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy.  Reproduction without authorization is forbidden.  All rights reserved.

 Posts

Use SHIFT+ENTER to open the menu (new window).
Body
Delivery volume in NY boosts bearish trend 3/2/2011 9:42 AM

On Tuesday (01), sugar futures held low trading movement in NY and London, partially influenced by high physical delivery volume related to March raw sugar contract.

In this scenario, 18,748 lots (952 thousand tonnes) of sugar will be delivered, high volume according to historical pattern and 44% up from October and 57% up from March 2010 contract expiration.

From total to be delivered, 68% are from Brazil; 20% from Central America and 12% from Thailand.

These numbers suggest Brazil still may export significant sugar volume, as in February.

Foreign Trade Service data disclosed on Tuesday indicated Brazilian sugar export volume in February remained virtually steady last month compared to January and went from 1,296 to 1,271 thousand tonnes; 9% down from February  2010, partially related to earlier 2010/11 milling activities in Centre-South.

Brazil Planning, Resource and Special Projects Group