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Market Impact: 0.2

Dollar Strength Undercuts Sugar Prices

Commodities & Raw MaterialsCommodity FuturesCurrency & FXMarket Technicals & FlowsFutures & Options

May NY world sugar #11 (SBK26) closed down 0.21 (-1.33%), and May London ICE white sugar #5 (SWK26) closed down 6.30 (-1.37%). Sugar gave up an early advance and turned lower after a rally in the dollar index to a 10.5‑month high, which pressured sugar futures.

Analysis

May NY world sugar #11 (SBK26) closed down 0.21 (-1.33%), and May London ICE white sugar #5 (SWK26) closed down 6.30 (-1.37%). Sugar gave up an early advance and turned lower after a rally in the dollar index to a 10.5‑month high, which pressured sugar futures.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15