ICE Futures Update Prices

The price of sugar ICE Futures closed up at the end of trading on New York Stock Exchange ICE Futures Tuesday early morning (29/03). Commodity prices suffered reinforcement with the weak u.s. dollar and rising Brazilian Real currency.

At the close of trading currency, the Brazilian Real strengthened currencies. The couple exchange rate weakened 0.03% USDBRL ends on 3.6794. Strengthening of the Brazilian Real is happening with the weakening of the u.s. dollar.

The dollar fell from its highest in almost two weeks versus a basket of currencies after data showed us consumer spending rose slightly in February and overall inflationto retreat. The Department of Commerce also revised down 0.1 percent gains in January.

The weakening of the u.s. dollar made commodities sugar sold in the currency the u.s. dollar is becoming cheaper, so demand is rising.

At the close of trade Tuesday early morning sugar futures price for the most active contract that is a contract May 2016 observed strengthened. The price of sugar is the most active futures closed up amounted to 0.07 cents or equivalent with 0.44 per cent at position 15.94 cents per pound.

See: the price of Sugar ICE Downloads down 0.5%, the strengthening of the U.s. Dollar could potentially Depress

yessnews estimates that the price of sugar futures to trade will be looking closely atThe Fed official's comments this evening. If Netanyahu's comments, will trigger the strengthening u.s. dollar.

The price of coarse sugar futures on the ICE Futures New York potentially test the Resistance level at position 16.40 16.90 cents and cents. While the Support level will be tested if the price drop is on position 15.40 14.90 cents and cents.