ICE Sugar ended the previous session at $20.57; currently trading at $20.27 per pound

Sugar is down to $20.27 per pound, after ending yesterday at $20.57. Overall, a 1.46% loss or 30 cents today.

New United States Initial Jobless Claims improved upon the previous 192,000 figure while also exceeding analyst expectations with a reading of 190,000.

On the flip side, United States Initial Jobless Claims came out at 190,000, better than analyst estimates of 195,000 and improving upon the previous reading of 192,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of 457,000 with a reading of 1.17 million.

Meanwhile, United States ISM Manufacturing PMI (Feb) came out at 47.7, while a consensus of analysts was expecting 48.

In the meantime, negative performances are also seen in other Softs as Coffee is down $2.75 from the beginning of the session and now trades around $182.55. Cotton closed at $85.07 (down 0.69%).

Furthermore, United States ISM Non-Manufacturing PMI (Feb) scheduled to come out tomorrow at 15:00 UTC.

The Sugar future is now trading 6.88% below the significant high of $22.09 it set around 3 days ago.