DJ MARKET TALK: ICE Sugar Consolidates Higher Amid Weaker Dollar
Published: 03/12/2010, 1:20:03 PM
DJ MARKET TALK: ICE Sugar Consolidates Higher Amid Weaker Dollar 0817 EST [Dow Jones] - ICE world raw sugar futures are pushing higher as commodities benefit from the falling dollar. May sugar is up 54 points at 19.81 cents a pound, and the July contract is 46 points higher at 18.96. Sugar is consolidating recent sharp losses from liquidation that followed 29-year highs. Traders are looking to sell into bounces, an analyst notes. The greenback is down as debt fears abate in Europe. Liffe May white sugar is up $15.50 at $547.20 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-12-10 0817ET 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 FSN57076 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-12 13:17:44 UTC ^^^^^^