Crude oil declines drag raw sugar down to a four-week low of 14.33 cents, while cocoa bucks the trend, surging 2.8% to extend its strong performance.

汇通财经2026/05/27 10:53

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⑴ Raw sugar futures fell to a four-week low on Wednesday, with the main contract touching 14.33 cents per pound during the session and eventually closing down 1.2% at 14.36 cents per pound. Traders indicated that the decline in the crude oil market is putting downward pressure on sugar prices, as lower energy prices may prompt mills to divert more sugarcane toward sugar production instead of biofuel ethanol. The market is awaiting sugar and ethanol production data for the second half of April from the Central-South region of Brazil, which is due to be released later Wednesday. White sugar futures fell in tandem, down 1.6% to $430.10 per ton.⑵ London cocoa futures continued their recent strong performance, rising 2.8% on Wednesday to £3,241 per ton, having already recorded a 10.2% gain in the previous trading day. Traders noted that the price chart is looking increasingly bullish, but an improved production outlook in Côte d'Ivoire remains a bearish factor. New York cocoa futures rose 3.7% to $4,323 per ton.⑶ Arabica coffee futures rose 0.5% to $2.7530 per pound, with traders saying that roaster buying in recent days has supported prices. Robusta coffee futures edged down 0.3% to $3,368 per ton.

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01

USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.

On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.

智通财经•2026/09/30 03:41

The scale of the compute power agreement between Anthropic and SpaceX has been revealed, reaching up to $84.5 billions, double the previously disclosed amount.

According to Anthropic’s IPO prospectus, the company has signed a computing power leasing agreement with SpaceX valued at $84.5 billion, far surpassing the previously disclosed $45 billion in SpaceX’s IPO documents. The agreement runs until 2029, with most terms cancellable within 90 days. At the same time, Anthropic’s total spending on AI infrastructure over the next decade is expected to be at least $518 billion.

华尔街见闻•2026/09/30 03:26