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Market Impact: 0.25

Sugar Prices Tumble Amid Prospects of Ample Global Supplies

ICE
Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

May NY world sugar #11 (SBK26) fell $0.28 (-1.97%) to a one-month low and May London ICE white sugar #5 (SWK26) dropped $7.90 (-1.87%) to a three-week low, extending a week-long slide. The moves reflect continued negative pressure (negative carryover) on sugar futures and softer near-term positioning in the market.

Analysis

May NY world sugar #11 (SBK26) fell $0.28 (-1.97%) to a one-month low and May London ICE white sugar #5 (SWK26) dropped $7.90 (-1.87%) to a three-week low, extending a week-long slide. The moves reflect continued negative pressure (negative carryover) on sugar futures and softer near-term positioning in the market.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

ICE0.00