May NY world sugar #11 is up 0.07 (+0.52%) and Aug London ICE white sugar #5 is up 1.20 (+0.28%), with London sugar reaching a 1.5-week high. The move is being driven by short covering in sugar futures as crude oil prices firm, a constructive but modest near-term setup for the sugar complex.
May NY world sugar #11 is up 0.07 (+0.52%) and Aug London ICE white sugar #5 is up 1.20 (+0.28%), with London sugar reaching a 1.5-week high. The move is being driven by short covering in sugar futures as crude oil prices firm, a constructive but modest near-term setup for the sugar complex.
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mildly positive
Sentiment Score
0.15
