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Market Impact: 0.18

Sugar Prices Pressured by Expectations of Abundant Supplies

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

May NY world sugar #11 is down 0.01 (-0.07%) and May London ICE white sugar #5 is down 0.40 (-0.10%) as prices edge lower on expectations of abundant global supply. NY sugar also fell to a 5-week low last Friday, reinforcing the near-term bearish tone in the market.

Analysis

May NY world sugar #11 is down 0.01 (-0.07%) and May London ICE white sugar #5 is down 0.40 (-0.10%) as prices edge lower on expectations of abundant global supply. NY sugar also fell to a 5-week low last Friday, reinforcing the near-term bearish tone in the market.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15