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Market Impact: 0.22

Sugar Prices Tumble as Crude Oil Plunges

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & PricesMarket Technicals & Flows

July NY world sugar #11 fell 0.15 (-1.06%) and Aug London ICE white sugar #5 dropped 2.10 (-0.47%) to 1-week lows. The decline was driven by weakness in crude oil, with WTI down more than 5%, pressuring sugar prices through the commodity complex and energy-cost channel.

Analysis

July NY world sugar #11 fell 0.15 (-1.06%) and Aug London ICE white sugar #5 dropped 2.10 (-0.47%) to 1-week lows. The decline was driven by weakness in crude oil, with WTI down more than 5%, pressuring sugar prices through the commodity complex and energy-cost channel.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.22