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Market Impact: 0.2

Sugar Prices Rebound on Strength in the Brazilian Real and Crude Oil

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsCurrency & FXEmerging MarketsMarket Technicals & FlowsInvestor Sentiment & Positioning

May NY world sugar #11 (SBK26) rose +0.12 (+0.77%) and May London ICE white sugar #5 (SWK26) gained +1.50 (+0.33%). Sugar prices recovered from 1.5-week lows as short-covering emerged after a rally in the Brazilian real, providing near-term upside to sugar futures.

Analysis

May NY world sugar #11 (SBK26) rose +0.12 (+0.77%) and May London ICE white sugar #5 (SWK26) gained +1.50 (+0.33%). Sugar prices recovered from 1.5-week lows as short-covering emerged after a rally in the Brazilian real, providing near-term upside to sugar futures.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.12