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Market Impact: 0.18

Sugar Prices Pressured by a Stronger Dollar and Possible US-Iran Peace Deal

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsCurrency & FX

July NY world sugar #11 closed down 0.09 cents, or 0.65%, and Aug London ICE white sugar fell 1.70 points, or 0.38%. NY sugar hit a 7-week low as prices were pressured by a slightly stronger dollar. The move is modest and appears driven by macro FX and technical weakness rather than a major supply-demand shock.

Analysis

July NY world sugar #11 closed down 0.09 cents, or 0.65%, and Aug London ICE white sugar fell 1.70 points, or 0.38%. NY sugar hit a 7-week low as prices were pressured by a slightly stronger dollar. The move is modest and appears driven by macro FX and technical weakness rather than a major supply-demand shock.

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Market Sentiment

Overall Sentiment

mildly negative

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-0.22