The ICE Sugar future is trading around $20.87 per pound, down by 28 cents (1.32%)

Sugar is down to $20.87 per pound, after ending yesterday at $21.15. Overall, a 1.32% loss or 28 cents today.

Non Farm Payrolls data from United States will be released today at 13:30 UTC with analysts expecting a decline to 205,000. Potentially significant price fluctuations in ICE Sugar are expected to follow.

Following a previous reading of 190,000, Initial Jobless Claims in United States released yesterday at 13:30 UTC fell short of the 195,000 figure expected by analysts with an actual reading of 211,000.

Taking a look at other Softs commodities, negative performances are evident as after ending yesterday's session at $178, Coffee lost $3.3 and is trading around $174.7. Cocoa stumbles 1.17% to trade around $2,700. Cotton slips 1.22% to trade around $81.3.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as today at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 205,000 from the preceding figure of 517,000.

Furthermore, United States Unemployment Rate is expected today at 13:30 UTC.

Sugar reached a significant high of $22.09 around 11 days ago but has lost 4.26% since then.