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Market Impact: 0.18

Dollar Weakness Sparks Short Covering in Sugar Futures

Commodities & Raw MaterialsCurrency & FXMarket Technicals & FlowsCommodity FuturesInvestor Sentiment & Positioning

May NY world sugar #11 rose 0.02 cents to 11.?? and May London ICE white sugar gained $5.80, with both contracts recovering from 6-week lows. Prices turned higher after the dollar index fell to a 6-week low, triggering short covering and providing support to sugar futures.

Analysis

May NY world sugar #11 rose 0.02 cents to 11.?? and May London ICE white sugar gained $5.80, with both contracts recovering from 6-week lows. Prices turned higher after the dollar index fell to a 6-week low, triggering short covering and providing support to sugar futures.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15