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Market Impact: 0.25

Sugar Prices Undercut as Crude Oil Sinks

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Sugar futures are under pressure, with July NY world sugar #11 down 0.04 (-0.29%) and August London ICE white sugar #5 down 3.00 (-0.67%). The article notes NY sugar has fallen to a 1.75-month low and London sugar to a 2.5-week low, with a cited intraday plunge of about 5% highlighting bearish momentum.

Analysis

Sugar futures are under pressure, with July NY world sugar #11 down 0.04 (-0.29%) and August London ICE white sugar #5 down 3.00 (-0.67%). The article notes NY sugar has fallen to a 1.75-month low and London sugar to a 2.5-week low, with a cited intraday plunge of about 5% highlighting bearish momentum.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.30

Ticker Sentiment

ICE0.00