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Market Impact: 0.35

Sugar Prices Slump as Crude Oil Plunges

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May NY world sugar #11 fell 0.35 (-2.40%) and May London ICE white sugar #5 fell 6.40 (-1.49%), extending a week-long slide to three-week lows. The decline was driven in part by a 16% plunge in crude oil (CLK26) on Wednesday, which weighed on sugar prices.

Analysis

May NY world sugar #11 fell 0.35 (-2.40%) and May London ICE white sugar #5 fell 6.40 (-1.49%), extending a week-long slide to three-week lows. The decline was driven in part by a 16% plunge in crude oil (CLK26) on Wednesday, which weighed on sugar prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.35