Raw sugar futures finished easier Tuesday on late speculative sales while switch business was featured from players moving positions out of the spot contract before it expires at month's end, brokers said.
The New York Board of Trade's May raw sugar contract shed 0.37 cent to conclude at 17.96 cents a lb., moving from 17.90 to 18.27 cents. July fell 0.33 cent to 18 cents. Back months lost 0.27 or 0.28 cent.
James Cordier of Liberty Trading Group said futures were trying to stay just above 18 cents, basis May, but speculative sales and switches were the order of business in the market.
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