DJ MARKET TALK: ICE Sugar Consolidates Higher, Jobs Add Support
Published: 03/05/2010, 7:45:04 PM
DJ MARKET TALK: ICE Sugar Consolidates Higher, Jobs Add Support 1443 EST [Dow Jones] - ICE sugar settled higher as the oversold market got a lift with commodities on bullish U.S. February jobs data, analysts say. May sugar settled 52 points higher, or 2.4%, at 22.19 cents a pound. Prospects for brighter economic outlooks followed a better-than-expected jobs report, pushing prices for softs and crude higher. Sugar could gain more upward traction in the near term on end-user buying and technical chart indications, they say. Liffe May white sugar settled $17.50 higher, or 2.87%, at $609.50 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-05-10 1443ET Copyright (c) 2010 Dow Jones & Company, Inc. DJ info: 61025 N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSTR,N/ALMT,N/CMD,N/CMM,N/DJMT,N/DJWI,N/MKT,N/SCD N/SGR FSN37216 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-05 19:43:56 UTC ^^^^^^