Sugar is down to $19.86 per pound, after ending yesterday at $20.14. Overall, a 1.39% loss or 28 cents today.
United States Building Permits (Dec) is next today at 13:30 UTC.
Highly important Producer Price Index data from United States beat analyst expectations of -0.1% with a reading of -0.5%. Following a previous reading of -0.6%, Core Retail Sales in United States released yesterday at 13:30 UTC fell short of the -0.4% figure expected by analysts with an actual reading of -1.1%. Highly important Retail Sales data from United States beat analyst expectations of -0.8% with a reading of -1.1%.
In the meantime, negative performances are also seen in other Softs as Cocoa is trading around $2,620 (down $21).
Though the Sugar future has been dropping, other Softs have been performing better: Coffee is up 1.75%.
Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -593,000, following on from the preceding figure of 18.96 million. New data is set to be published today at 16:00 UTC. Today at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 214,000 from the preceding figure of 205,000.
Furthermore, United States Philadelphia Fed Manufacturing Index (Jan) scheduled to come out today at 13:30 UTC.
Over the past 27 days, Sugar has retreated 4% from a noteworthy peak of $21.