CSCE raw sugar futures settled firmer on Friday, when buying by the trade and small speculators enabled the market to recover before a holiday weekend, analysts said.
The raw sugar futures and options market will be shut on Monday for the Martin Luther King Jr. holiday honouring the US civil rights leader. Trading resumes on Tuesday.
March sugar rose 0.06 cent to settle at 5.79 cents a lb, trading from 5.63 to 5.80 cents. May added 0.05 to 6.00 cents. The rest ranged from 0.03 cent firmer to 0.01 cent weaker.
James Corridor of Liberty Trading Group said the buying from trade and speculative accounts going into the close of business "could be enough" to lift key March back toward the 6.00 cent zone where it failed this week.
Final estimated volume reached 21,928 lots, down from the previous 35,714 lots. Call volume was at 4,844 lots and puts stood at 3,004 lots.
Final traded volume hit 961 lots, up from 144 lots previously. The CSCE is a subsidiary of the New York Board of Trade.
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