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Market Impact: 0.25

Soaring Gasoline Prices Lift Ethanol and Boost Sugar Prices

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

July NY world sugar #11 rose 0.27 cents, or 1.81%, as sugar prices extended a sharp two-day rally. Aug London ICE white sugar #5 was not trading because UK markets were closed for the May Day holiday. The move is positive for sugar prices, but the report is primarily a market update with limited broader impact.

Analysis

July NY world sugar #11 rose 0.27 cents, or 1.81%, as sugar prices extended a sharp two-day rally. Aug London ICE white sugar #5 was not trading because UK markets were closed for the May Day holiday. The move is positive for sugar prices, but the report is primarily a market update with limited broader impact.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35