REPORTS

Barchart - Sugar prices moved higher on Monday amid signs of a smaller global sugar surplus. Sugar trader Czarnikow cut its 2026/27 global sugar surplus estimate on Monday to 1.1 MMT from 3.4 MMT in February, and cut its 2025/26 surplus estimate to 5.8 MT from 8.3 MMT.  

Monday's +6% jump in crude oil prices (CLK26) is also supportive for sugar. Higher crude prices boost ethanol prices and could prompt the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.