Sugar futures jumped sharply: October NY world sugar #11 (SBV26) rose +3.25% and October London ICE white sugar #5 (SWV26) climbed +3.67%, with London reaching a 1-week high. The move is attributed to soaring crude oil prices driving short covering in sugar.
Sugar futures jumped sharply: October NY world sugar #11 (SBV26) rose +3.25% and October London ICE white sugar #5 (SWV26) climbed +3.67%, with London reaching a 1-week high. The move is attributed to soaring crude oil prices driving short covering in sugar.
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mildly positive
Sentiment Score
0.25
