Raw sugar futures drop 3.3% after 19-month peak
ICE raw sugar futures retreated from a 19-month high, falling 3.3% to 20 cents after an El Nino-inspired rally was seen as overdone. Coffee also fell.
Raw sugar futures on ICE fell sharply on Thursday, pulling back from the previous session's 19-month high as investors judged the latest El Nino-inspired rally that took prices well above 20 cents as overdone. ICEUS:SB1! 3%, at 20… Coffee also fell.