After six days of going down, the Sugar future is stable today, trading around $25.12

Sugar trades at $25.12 per pound, after ending yesterday at $25.14.

United States Initial Jobless Claims is next today at 12:30 UTC.

This uncertain state for the ICE Sugar future is reflected by published market data as United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25. Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million. United States ISM Non-Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 51.9, while the previous figure was 51.2.

Meanwhile, mixed performances are seen in other Softs as Cotton gained 1.76% and is now trading at $80.15. Coffee closed at $184.4 (down 1.26%). Cocoa closed at $2,867 (down 0.83%).

Furthermore, the market is looking at as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 180,000, following on from the preceding figure of 236,000. New data is set to be published tomorrow at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 240,000 from the preceding figure of 230,000. United States Unemployment Rate expected to decline to 3.6 while its preceding data was 3.5, data will be available tomorrow at 12:30 UTC.

Approximately 7 days ago, the Sugar future reached a significant high of $26.41 but has struggled to hold onto its gains and declined 4.81% since then.