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ICE raw sugar futures settled 0.6% lower at 19.36 cents per lb on Friday as the Brazilian real weakened and the market consolidated after three sessions of gains tied to rain in Brazil. Center-south Brazil sugar output fell 27.1% year on year in the first half of October to 1.87 million metric tons, and more rain is forecast to slow the harvest.
Weaker real encourages Brazilian mills to sell dollar-priced futures, adding selling pressure, while excess rain linked to El Nino cuts cane sugar content and raises the odds of an early harvest end, a supportive factor for sugar prices.
brecorder.comReutersOct 31, 2026After 338 past bullish events of any kind, Brazilian Real (BRL per USD) moved a median +0.3% over 5 sessions (56% higher; middle half -1.3% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
