Yesterday at a glance: Sugar ended yesterday at $20.67 per pound following from closing Thursday at $20.76. Overall, this represents a loss of 9 cents or 0.43%.
Sugar's value drop coincided with the fact that Cotton stumbles 2.02% yesterday and closed at $79.16. Coffee slumps 1.89% yesterday and closed at $180.05.
Though the Sugar future has been dropping, other Softs have been performing better: Cocoa rises 1.86% yesterday and closed at $2,688.
Approximately 19 days ago, the ICE Sugar future reached a significant high of $22.09 but has struggled to hold onto its gains and declined 6% since then.