DJ MARKET TALK: ICE Sugar Slides; Consoldiates Recent Volatility
Published: 03/19/2010, 6:40:04 PM
DJ MARKET TALK: ICE Sugar Slides; Consoldiates Recent Volatility 1436 EDT [Dow Jones] - ICE world raw sugar settled lower as early short-covering gave way to an onset of fund liquidation. May sugar settled 39 points lower, or 2%, at 18.64 cents a pound. Analysts expect cotton prices to consolidate a loss from 28-year highs in the near term as fresh supply and demand factors work their way into the market. Brazil is gearing up for a new harvest and traders are watching for signs of end-user demand at relative lows. Liffe May white sugar settled down $4.50, or 0.8%, at $528.10 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-19-10 1439ET 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 FSN36316 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-19 18:39:01 UTC ^^^^^^