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Market Impact: 0.22

Sugar Prices Supported by a Surge in Gasoline Prices

Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows

July NY world sugar #11 closed up 0.34, or 2.27%, and sugar prices settled sharply higher for a second day. London white sugar #5 did not trade because UK markets were closed for the May Day holiday. The move is supportive for sugar futures, but the article is primarily a price update with limited broader market implications.

Analysis

July NY world sugar #11 closed up 0.34, or 2.27%, and sugar prices settled sharply higher for a second day. London white sugar #5 did not trade because UK markets were closed for the May Day holiday. The move is supportive for sugar futures, but the article is primarily a price update with limited broader market implications.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.34