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Market Impact: 0.15

Sugar Prices Supported by Strength in Crude Oil

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsCurrency & FXMarket Technicals & Flows

May NY world sugar #11 (SBK26) closed down 0.01 (-0.07%) while May London ICE white sugar #5 (SWK26) closed up 0.70 (+0.17%), leaving sugar prices mixed on the session. The market gave up an early advance as the dollar index rallied to a 3.5-month high, exerting downward pressure on commodity prices.

Analysis

May NY world sugar #11 (SBK26) closed down 0.01 (-0.07%) while May London ICE white sugar #5 (SWK26) closed up 0.70 (+0.17%), leaving sugar prices mixed on the session. The market gave up an early advance as the dollar index rallied to a 3.5-month high, exerting downward pressure on commodity prices.

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