Sugar futures are higher today, with May NY world sugar #11 up 0.04 (+0.29%) and Aug London ICE white sugar #5 up 3.80 (+0.90%) to a 2-week high. The move is being supported by firmer crude oil prices, which can improve the economics of sugar-to-ethanol production and provide a modest bullish tailwind for sugar markets.
Sugar futures are higher today, with May NY world sugar #11 up 0.04 (+0.29%) and Aug London ICE white sugar #5 up 3.80 (+0.90%) to a 2-week high. The move is being supported by firmer crude oil prices, which can improve the economics of sugar-to-ethanol production and provide a modest bullish tailwind for sugar markets.
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mildly positive
Sentiment Score
0.25
