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February 24, 2023
Sugar is down to $20.11 per pound, after ending yesterday at $20.34. Overall, a 1.13% loss or 23 cents today.
United States Core PCE Price Index (MoM) (Jan) is next today at 13:30 UTC.
United States GDP published yesterday at 13:30 UTC came out at 2.7, falling short of the 2.9 projections and continuing its decline from the previous 3.2 figure.
On the flip side, highly important Crude Oil Inventories data from United States beat analyst expectations of 2 million with a reading of 7.65 million. Data for United States Initial Jobless Claims published yesterday at 13:30 UTC came out at 192,000, beating projections of 200,000 and showing improvement over the preceding figure of 195,000.
In the meantime, negative performances are also seen in other Softs as Coffee is down to $189.5, losing $4.15, after closing at $193.65 in the preceding trading session. Cotton is down to $81.8, losing 36 cents, after closing at $82.16 in the preceding trading session.
Furthermore, United States Core PCE Price Index (MoM) (Jan) will be released today at 13:30 UTC. United States New Home Sales (Jan) scheduled to come out today at 15:00 UTC.
Sugar reached a significant high of $21.76 around 24 days ago but has lost 6.53% since then.
