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Market Impact: 0.22

Ample Supplies and Slack Demand Undercut Sugar Prices

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsInvestor Sentiment & Positioning

May NY world sugar #11 fell 0.09 (-0.65%) and Aug London ICE white sugar #5 dropped 6.40 (-1.47%) after giving up an early advance. Prices weakened as expectations for a bumper Brazilian sugar harvest capped upside and pressured the market.

Analysis

May NY world sugar #11 fell 0.09 (-0.65%) and Aug London ICE white sugar #5 dropped 6.40 (-1.47%) after giving up an early advance. Prices weakened as expectations for a bumper Brazilian sugar harvest capped upside and pressured the market.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.18