DJ MARKET TALK: ICE Sugar Rises In Correction; Eyes Brazil Crop
Published: 03/12/2010, 7:25:03 PM
DJ MARKET TALK: ICE Sugar Rises In Correction; Eyes Brazil Crop 1419 EST [Dow Jones] - ICE world raw sugar futures settled higher in consolidative trade. May sugar settled 40 points higher, or 2%, at 19.67 cents a pound. Sugar built on recent gains and may have reached a bottom in its slide back from 29-year highs, analysts say. Uncertainty about the incoming Brazilian harvest adds support as bets for higher production are subject to weather conditions, an analyst says. Liffe May sugar settled up $9.20, or 1.7%, at $540.90 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-12-10 1420ET 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 FSN36966 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-12 19:20:01 UTC ^^^^^^