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Market Impact: 0.4

Surging Crude Oil Prices Support Sugar

ICE
Commodity FuturesCommodities & Raw MaterialsEnergy Markets & PricesFutures & OptionsMarket Technicals & Flows

NY world sugar #11 (SBK26) is up +0.35 (+2.25%) and May London ICE white sugar #5 (SWK26) is up +7.60 (+1.67%), with NY sugar at a 5.5-month high. The sugar rally is tracking a +4% surge in crude oil (CLK26), supporting short-term bullish momentum in sugar futures.

Analysis

NY world sugar #11 (SBK26) is up +0.35 (+2.25%) and May London ICE white sugar #5 (SWK26) is up +7.60 (+1.67%), with NY sugar at a 5.5-month high. The sugar rally is tracking a +4% surge in crude oil (CLK26), supporting short-term bullish momentum in sugar futures.

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Market Sentiment

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mildly positive

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