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Sugar Prices Edge Higher on the Surge in Crude Oil

Energy Markets & PricesCommodities & Raw MaterialsMarket Technicals & Flows

Sugar prices are rising, with NY world sugar #11 up +0.46% to a 1.75-month high and Aug London ICE white sugar #5 up +1.07% (+$5.10). The article links the move to a +7% surge in WTI crude oil (CLQ26), which is providing a supportive cross-commodity tailwind.

Analysis

Sugar prices are rising, with NY world sugar #11 up +0.46% to a 1.75-month high and Aug London ICE white sugar #5 up +1.07% (+$5.10). The article links the move to a +7% surge in WTI crude oil (CLQ26), which is providing a supportive cross-commodity tailwind.

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mildly positive

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