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Market Impact: 0.12

Today’s Slump in Crude Oil Weighs on Sugar Prices

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July NY world sugar #11 is down 0.02 (-0.14%) and August London ICE white sugar #5 is up 0.50 (+0.11%), leaving prices mixed. Early losses were pared as dollar weakness triggered short-covering in sugar futures, but the move is small and looks technically driven rather than fundamental.

Analysis

July NY world sugar #11 is down 0.02 (-0.14%) and August London ICE white sugar #5 is up 0.50 (+0.11%), leaving prices mixed. Early losses were pared as dollar weakness triggered short-covering in sugar futures, but the move is small and looks technically driven rather than fundamental.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

-0.05