The ICE Sugar future set for weak finish today; down 3.17% to $25.03 per pound with a day before close

Sugar is down to $25.03 per pound, after ending today at $25.85. Overall, a 3.17% loss or 82 cents today.

United States's Crude Oil Inventories new data released of -3.83 million below its previous figure.

Highly important Crude Oil Inventories data from United States beat analyst expectations of 1.87 million with a reading of -3.83 million. New United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).

While price action maintains a negative bias, United States Existing Home Sales (May) came out at 4.3 million, while a consensus of analysts was expecting 4.25 million.

Taking a look at other Softs commodities, negative performances are evident as Cocoa is trading around $3,204 (down $33). Coffee is down $2.35 from the beginning of the session and now trades around $169.9.

Furthermore, United States Services PMI is expected tomorrow at 13:45 UTC.

Sugar now trading 13.48% above its 3-month low of $17.4.