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July 05, 2023Stable at $23.33 and still trending upwards, Today's session might suggest a slow down — ICE Sugar trades at $23.33 per pound, after ending yesterday at $23.32.
Meanwhile, mixed performances are seen in other Softs as Cotton climbs 0.53% to trade around $83.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories is projected to outperform its last figure with -729,000. It previously stood at -9.60 million; data will be released tomorrow at 15:00 UTC. United States ADP Nonfarm Employment Change (Jun) is expected tomorrow at 12:15 UTC. United States Initial Jobless Claims projected to come out at 245,000 — worse than previous data of 239,000; data will be released tomorrow at 12:30 UTC.
The ICE Sugar future has fallen back around 12.46% over the past a month, from a notable high of $26.64.
