US MIDDAY: sugar eases

11 May, 2006

Raw sugar futures ended easier on modest speculative sales with many players out ahead of the Sugar Club industry dinner later on Wednesday, brokers said.
The New York Board of Trade's July raw sugar contract fell 0.09 cent to conclude at 17.38 cents a lb, trading from 17.26 to 17.57 cents. October lost 0.10 to 17.71 cents. The rest shed 0.01 to 0.08 cent.
Technicians believe support in the July contract is at 17 and 16.80/90 cents, with resistance at 17.50 and 18 cents.

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