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Market Impact: 0.2

Slumping Crude Oil Undercuts Ethanol and Sugar Prices

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & Flows

July NY world sugar #11 is down 1.67% to -0.25, while Aug London ICE white sugar #5 is nearly flat, up 0.02% at +0.10. Sugar prices gave back an early advance and are trading mixed after crude oil prices plunged, pressuring the broader softs complex. The move looks like routine commodity volatility rather than a major repricing event.

Analysis

July NY world sugar #11 is down 1.67% to -0.25, while Aug London ICE white sugar #5 is nearly flat, up 0.02% at +0.10. Sugar prices gave back an early advance and are trading mixed after crude oil prices plunged, pressuring the broader softs complex. The move looks like routine commodity volatility rather than a major repricing event.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15