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Technical Short Covering Lifts Sugar Prices
Yahoo Financeยท 2025-10-31 16:24
March NY world sugar #11 (SBH26) today is up +0.16 (+1.12%), and December London ICE white sugar #5 (SWZ25) is up +4.20 (+1.01%). Sugar prices are moving higher today after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures. More News from Barchart Sugar prices have been under pressure in recent weeks, and on Thursday, NY sugar posted a 5-year nearest-futures low and London sugar posted a 4.75-year low, mainly due to higher sugar output in Brazi ...