DJ MARKET TALK: ICE Sugar Ends Down; Short-Covering Pares Losses
Published: 03/10/2010, 7:50:02 PM
DJ MARKET TALK: ICE Sugar Ends Down; Short-Covering Pares Losses 1435 EST [Dow Jones] - ICE raw sugar futures settled weaker, but trimmed losses from seven-month lows as traders covered short positions, an analyst says. May sugar settled down 63 points, or 3.1%, at 19.69 cents a pound, off the 18.82-cent low. The prospect of incoming Brazilian supplies is weighing on prices as sugar stumbles back from 29-year highs hit in February, analysts say. End-users are reluctant to buy as they await lower price levels. Liffe May white sugar settled down $18.20, or 3.4%, at $537.10 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-10-10 1446ET 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 FSN47105 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-10 19:46:42 UTC ^^^^^^