The ICE Sugar future dull so far today at $26.25, while in the midst of a bearish run

Sugar has been losing ground for 4 days, shedding a total of 1.46% of its value. Today is looking a bit better: ICE Sugar trades at $26.25 per pound, after ending yesterday at $26.22.

United States Core Retail Sales is next.

Uncertainty around Sugar is reflected by published market data as United States TIC Net Long-Term Transactions (Mar) came out at 133.3 billion, while a consensus of analysts was expecting 85.4 billion. United States NY Empire State Manufacturing Index (May) released yesterday at 12:30 UTC with a figure of -31.8, while the previous figure was 10.8.

Meanwhile, mixed performances are seen in other Softs as Coffee is up 2.93%. Cocoa retreats 0.44% to trade around $2,973.

Furthermore, the market is looking at United States Retail Sales is projected to outperform its last figure with 0.8%, having previously been at -0.6%. The figure will be published today at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -0.4%; data will be released today at 12:30 UTC. Tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.3 million from the preceding figure of 2.95 million.

Having soared to a high of $26.64 approximately 6 days ago, the ICE Sugar future is now trading 1.58% lower.