US MIDDAY: sugar sinks

24 May, 2008

Raw sugar futures on ICE Futures US at 1240 GMT early on Friday.July contract down 0.19 cent at 10.24 cents per lb. Range from 10.40 to 10.14 cents, low last seen April 29. July contract volume at 7,936 lots.
Support at 9.98 cents with resistance at 10.50 cents, basis July, said traders. Total volume on ICE Thursday at 98,138 lots, down from 139,292 previously, according to exchange data.

Read Comments