{"id":167955,"date":"2020-04-02T10:00:05","date_gmt":"2020-04-02T14:00:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167955"},"modified":"2020-04-02T09:09:22","modified_gmt":"2020-04-02T13:09:22","slug":"sugar-analysis-expected-rise-in-brazil-exports-bearish-for-sugar-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/sugar-analysis-expected-rise-in-brazil-exports-bearish-for-sugar-price\/","title":{"rendered":"SUGAR Analysis: Expected rise in Brazil exports bearish for sugar price"},"content":{"rendered":"
April 2, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Expected rise in Brazil exports bearish for sugar price<\/strong><\/p>\n

Mills in Brazil are capable of switching cane toward sugar or ethanol production, depending on market prices. Low crude oil prices make production of bioethanol from sugar cane a less attractive alternative for sugar mills compared to production of sugar. And weaker currency of Brazil \u2013 real, makes switching from bioethanol to sugar production more profitable for Brazil\u2019s mills as ethanol is mostly sold domestically while sugar is being exported, earning appreciating dollars for exporters. Brazil’s mills allocated an all-time low amount of cane for sugar last two years – around 34%, as ethanol gave them higher returns. Copersucar, the world\u2019s largest sugar co-op, estimates mills will allocate 46% cane for sugar in the new season. This will increase Brazil\u2019s sugar export by around 10 million tons. Brazil is the top global sugar producer. A rise in sugar supply is bearish for sugar prices.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nSell<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nBelow 10.02<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nAbove 11.55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Expected rise in Brazil exports bearish for sugar price Mills in Brazil are capable of switching cane toward sugar or ethanol production, depending on market prices. Low crude oil prices make production of bioethanol from sugar cane a less attractive alternative for sugar mills compared to production of sugar. And weaker currency of […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167955","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167955"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167955\/revisions"}],"predecessor-version":[{"id":167993,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167955\/revisions\/167993"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}