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Sugar Prices Erase Early Gains as the Dollar Rallies

Commodities & Raw MaterialsCommodity FuturesCurrency & FXMarket Technicals & FlowsInvestor Sentiment & PositioningDerivatives & Volatility

May NY world sugar #11 fell 0.14 (‑0.89%) and May London ICE white sugar #5 dropped 5.30 (‑1.16%). The decline followed a rally in the dollar index to a 10.5‑month high, which reversed earlier gains in sugar futures and pressured prices.

Analysis

May NY world sugar #11 fell 0.14 (‑0.89%) and May London ICE white sugar #5 dropped 5.30 (‑1.16%). The decline followed a rally in the dollar index to a 10.5‑month high, which reversed earlier gains in sugar futures and pressured prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15