Is the bullish run coming to an end? Sugar closed at $25 (-0.4%)

Though in the midst of a 3 day uptrend, gaining a total of 3%, (83 cents), Yesterday's session suggests run might be coming to an end — Sugar slips 0.4% to close at $25 per pound yesterday.

While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 172,400, while the previous figure was 162,600. United States CFTC Gold speculative net positions came out at 175,600. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 8,800, while the previous figure was 8,500.

The Sugar future's value drop coincided with the fact that after ending yesterday's session at $190.35, Coffee lost $2.95 and is trading around $187.4.

Though the ICE Sugar future has been dropping, other Softs have been performing better: Cocoa went up by 1.08% yesterday, and closed at $3,171.

Approximately a month ago, Sugar reached a significant high of $26.64 but has struggled to hold onto its gains and declined 5.82% since then.