Brazil Rains Push Sugar Mills to December and Damage Cane

An expected global sugar deficit in 2026/27 is driving the sugar rally, as Brazil's rains slow the harvest and Europe and Thailand produce less. Marcelo Bonifacio, StoneX Brazil, Senior Market Intelligence Analyst, explains how fund positioning and global crops are reshaping sugar trade flows. Heavy rains have slowed Brazil's Center-South crush and pushed mills into December. Heat waves cut the European Union beet crop, returning the bloc to net imports, while Thailand's output falls and India's thin stocks keep it out of exports. Brazil's record 2027/28 crush reaches export markets mainly from the second half of 2027. Download the StoneX 2026 Commodities Outlook: https://www.stonex.com/en/insights/commodities-outlook/?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q4_26 Discover Actionable Sugar and Ethanol Insights with StoneX Market Intelligence: https://shop.stonex.com/products/sugar-market-reports?utm_source=youtube&utm_medium=social&utm_campaign=mi_outlook_q4_26_sxtv_marcelo_bonifacio 00:00 - Sugar Rally Meets Brazil Rains 00:47 - Hedge Funds Flip Sugar Long 02:57 - Brazil Rains Stall Sugar Crush 05:20 - EU Turns Net Sugar Importer 07:50 - Thai Cane Loses to Cassava 08:46 - India's Sugar Stocks Run Thin 10:08 - Trade Flows Tip Into Deficit 14:15 - Record Brazil Crop Caps Sugar Like and subscribe for more financial market insights. #Sugar #StoneX #MarceloBonifacio --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social