May NY world sugar #11 (SBK26) fell $0.15 (-0.96%) and May London ICE white sugar #5 (SWK26) fell $1.80 (-0.40%). A plunge in crude oil (CLK26) of more than 7% triggered long-liquidation in sugar futures, driving short-term risk-off flows and added volatility in sugar contracts.
May NY world sugar #11 (SBK26) fell $0.15 (-0.96%) and May London ICE white sugar #5 (SWK26) fell $1.80 (-0.40%). A plunge in crude oil (CLK26) of more than 7% triggered long-liquidation in sugar futures, driving short-term risk-off flows and added volatility in sugar contracts.
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mildly negative
Sentiment Score
-0.25
