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June 12, 2023Sugar is on a 3 day bullish run gaining 76 cents (3.87%). As the session continues, it seems to maintain one direction — after closing the previous trading day at $25, ICE Sugar is up to $25.2 per pound, which makes for a move of 0.72%/20 cents today.
The market is looking forward to the release of new data: United States Consumer Price Index figure is projected at 0.3%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.
Having set a significant high of $26.64 a month ago, ICE Sugar is trading 6.08% lower.
