Raw sugar futures for October delivery, which is nearing expiration, had a large discount compared to the March contract, indicating that the market is concerned about global demand for sweeteners. On Thursday, October and March contract spreads were close to record lows. Traders are watching for possible large-scale deliveries on the exchange when October futures expire. Exchange delivery is often viewed as the seller's last resort when it fails to find another buyer in the spot market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.