DJ MARKET TALK: ICE Sugar Sags In Consolidation;Dollar Pressures
Published: 03/15/2010, 6:45:04 PM
DJ MARKET TALK: ICE Sugar Sags In Consolidation;Dollar Pressures 1435 EDT [Dow Jones] - ICE sugar futures posted losses in consolidative trade as many commodities slipped under pressure from the firm dollar. May sugar settled 28 points lower, or 1.4%, at 19.39 cents a pound. Crude was weaker as sugar settled, in line with the lower CRB Index. The greenback rose as risk receded amid tense currency-related commentary between the U.S. and China. Analysts say sugar could consolidate in the near term, though May futures need a close above 20.20 to rule out a bearish chart trend. Liffe May white sugar settled up 30 cents, or 0.05%, at $541.20 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-15-10 1435ET 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 FSN40290 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-15 18:35:24 UTC ^^^^^^