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Market Impact: 0.2

Crude Oil Weakness Undercuts Sugar Prices

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & Prices

July NY world sugar #11 fell 0.04 (-0.28%) and Aug London ICE white sugar #5 slipped 0.10 (-0.02%) as sugar prices hit 1-week lows on Tuesday. The move was attributed to weakness in crude oil prices, which weighed on the sugar market.

Analysis

July NY world sugar #11 fell 0.04 (-0.28%) and Aug London ICE white sugar #5 slipped 0.10 (-0.02%) as sugar prices hit 1-week lows on Tuesday. The move was attributed to weakness in crude oil prices, which weighed on the sugar market.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.18