Sugar futures closed higher on Wednesday, with May NY world sugar #11 up 0.14 cents, or 1.04%, and Aug London ICE white sugar up 1.70 dollars, or 0.40%, to a 1.5-week high. The move was driven by short covering as crude oil strengthened, supporting the sugar complex. The report is a modestly positive price-and-flows update rather than a fundamental shift.
Sugar futures closed higher on Wednesday, with May NY world sugar #11 up 0.14 cents, or 1.04%, and Aug London ICE white sugar up 1.70 dollars, or 0.40%, to a 1.5-week high. The move was driven by short covering as crude oil strengthened, supporting the sugar complex. The report is a modestly positive price-and-flows update rather than a fundamental shift.
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mildly positive
Sentiment Score
0.20
