Barchart - Sugar prices fell from 1-week highs on Thursday and settled mixed after a rally in the dollar index (DXY00) to a 4-week high spurred long liquidation pressures in sugar futures.
Sugar prices initially moved higher on Thursday amid expectations of index-related buying of sugar futures for the annual rebalancing of commodity indexes. Citigroup projects that the BCOM and S&P GSCI indexes, the two largest commodity indexes, will see inflows of $1.2 billion in sugar futures contracts over the next week to rebalance the indexes.