Sugar futures were pressured: October NY world sugar #11 (SBV26) fell 0.20% and Aug London ICE white sugar #5 (SWQ26) dropped 3.06% to a 2.5-week low. The weakness is attributed to improving India monsoon rains, which may ease near-term supply concerns and keep the market defensive.
Sugar futures were pressured: October NY world sugar #11 (SBV26) fell 0.20% and Aug London ICE white sugar #5 (SWQ26) dropped 3.06% to a 2.5-week low. The weakness is attributed to improving India monsoon rains, which may ease near-term supply concerns and keep the market defensive.
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mildly negative
Sentiment Score
-0.25
