Today K4 opened at $639, up $0.7 from Friday’s settlement. Today market saw thin volumes with US holiday, registering daily high in the beginning of the trading session, being negotiated at $640.1. Nearby opening levels were sustained until 10am when sellers appeared bringing market down to $633.3 near 11am. Further weakness followed through the day, until 1pm, when daily low was registered at $631.8. From that point until the end of the sessions market traded sideways to close valued at $632.1. Settlement price was $632.1, down $6.2 from Friday’s settlement (1% down move). Volume traded was 1.7k lots.
Sugar market No.11 is closed today in observance of “Presidents’ Day” holiday.