Losing streak continues, Sugar lost 20 cents to $25.34 adding to its five consecutive days of drops

Sugar is down to $25.34 per pound, after ending yesterday at $25.54. Overall, a 0.78% loss or 20 cents today.

ICE Sugar is currently trading at $25.34 following the release of JOLTs Job Openings (Mar) data from the United States.

Meanwhile, United States JOLTs Job Openings (Mar) released today at 14:00 UTC with a figure of 9.59 million, while the previous figure was 9.97 million. United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.

Taking a look at other Softs commodities, negative performances are evident as Cocoa is trading around $2,892 (down $40). Cotton is down to $80.49, losing 82 cents, after closing at $81.31 in the preceding trading session.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC.

Furthermore, United States Interest Rate is expected tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) is scheduled for tomorrow at 12:15 UTC.

5 days ago ICE Sugar reached a significant high of $26.41 but has consequently lost 3.29% since then.