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Weak Monsoon Rains in India Boost Sugar Prices

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsInvestor Sentiment & Positioning

Sugar futures are sharply higher for a third straight session, with July NY world sugar up 2.58% and August London ICE white sugar up 2.13%. NY sugar has reached a 3-week high, while London white sugar hit a 9.5-month nearest-futures high, signaling strong near-term momentum in the softs complex.

Analysis

Sugar futures are sharply higher for a third straight session, with July NY world sugar up 2.58% and August London ICE white sugar up 2.13%. NY sugar has reached a 3-week high, while London white sugar hit a 9.5-month nearest-futures high, signaling strong near-term momentum in the softs complex.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35

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