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April 14, 2023
Sugar is down to $23.33 per pound, after ending yesterday at $23.39. Overall, a 0.26% loss or 6 cents today.
- United States's Retail Sales new data released of -1% below its previous figure.
- Today's losses are adding to a 3 day bearish run, during which Sugar lost 31.0001 cents of its value.
United States Core Retail Sales published today at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%.
The commodity has been trending positively for about a month. 3 days ago ICE Sugar reached a significant high of $23.7 but has consequently lost 1.31% since then.
