ICE's benchmark sugar contract rose nearly 2% to a two-and-a-half-month high
Gold Ten Futures, July 3rd, according to foreign media news, on Tuesday the Intercontinental Exchange (ICE) No. 11 crude sugar futures closed mixed, with the benchmark contract rising 1.9%, the highest in two and a half months. Traders said that the market is still digesting the results of the expiration of the July contract, and the delivery volume is large, but the interest of bulls in the warehouse receipt may indicate strong market demand. < b > The total delivery volume of the July contract is 21,277 lots, or nearly 1.10 million tons. Analysts said that this means that the demand for Brazilian crude sugar is strong. Sellers have an incentive to deliver now, rather than wait until October. The weather agency no longer forecasts rain in Brazil next week, which means that the sugar cane production area will continue to be dry.