ARTICLE 2 #Agricultural Commodities

Raw sugar deliveries for the October contract on the ICE (Intercontinental Exchange) were estimated at around 30,032 lots, equivalent to approximately 1.52 million metric tons, according to preliminary data shared by two sugar traders on Tuesday, September 30. The contract expired on the same day.

Corn futures opened the week on a firm footing, holding onto earlier advances as traders digested export data and supply trends. Market sentiment remains cautiously optimistic despite some headwinds.

Facing persistently low sugar prices, many sugarcane mills are increasingly turning to ethanol production as a strategic alternative to stabilize revenues and manage stock surpluses.