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Sugar Prices Pressured by Weakness in Crude Oil

Energy Markets & PricesCommodities & Raw MaterialsMarket Technicals & Flows

Sugar futures eased: October NY world sugar #11 fell -1.00% (-0.15) and Aug London ICE white sugar #5 slipped -0.02% (-0.10). London prices retreated from a 9.75-month nearest-futures high, with the move pressured by weakness in crude oil, suggesting near-term demand/energy-linked downside.

Analysis

Sugar futures eased: October NY world sugar #11 fell -1.00% (-0.15) and Aug London ICE white sugar #5 slipped -0.02% (-0.10). London prices retreated from a 9.75-month nearest-futures high, with the move pressured by weakness in crude oil, suggesting near-term demand/energy-linked downside.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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