Tuesday, 12 October 2021
The March 2022 ICE 11 raw sugar contract remained range bound for another week on very light trading volumes as the market awaited fresh fundamental news around the tail end of the Centre South Brazil harvest.
The prompt contract traded to a low last Tuesday of 19.62 USc/lb before strengthening to a high of 20.33 USc/lb in the final hours of Friday night's session to close last week higher at 20.29 USc/lb.
The Australian Dollar found strength in the latter half of the week as positive global risk sentiment returned to financial markets. It traded from a low of 72.26 US cents on the Wednesday up to a high of 73.38 US cents on Friday.