Raw sugar futures were easier in early dealings Wednesday due to producer and speculative sales, and brokers said the market may consolidate given a distinct lack of leads for now.
"The whole thing is very quiet. There are some producer sales following it down, and we could well hold in the mid-9.80s (cents) because there is enough support to prevent it from falling too much," a floor analyst said, referring to the March contract.
ICE Futures electronic March fell 0.06 cent to 9.85 cents per lb at 9:30 am EDT (1330 GMT), trading 9.83 to 9.98 cents. Open-outcry March sugar slipped the same to 9.85 cents at 9:31 am, dealing from 9.83 to 9.90 cents.