March raw sugar was down 0.20 cent or 1.5 percent at 12.78 cents per lb by 1420 GMT, after earlier touching 13.14 cents, the highest for the front month
since early March.
Fed funds futures are mixed with front month
contracts under pressure as the market adjusts to the FOMC's dot plot and the shift to an estimate of four hikes this year, with the Fed still looking for three in 2019.
US crude futures for May, the front month
from Tuesday, were up 18 cents at USD 41.70 a barrel, after settling up 0.9 percent at USD 41.52 on Monday.
More than reversing the past week's losses, front month
Brent crude rose $3.65 to $46.77 a barrel, hitting session high of $46.85.
The new front month
contract, crude to be delivered in February, added 28 cents or 0.3% to sell for $99.32 per barrel on the New York Mercantile Exchange (NYMEX).
Brent options now show a call skew for the first time since 2011, reflecting an increased demand for bullish structures in Brent.
Over the last week, front month
Brent's premium over the US crude futures widely known as West Texas Intermediate (WTI) has narrowed sharply.
The almost vanished backwardation at the front of the curve of ICE Brent was essentially attributed to the weakness of the front month
amid expectations for a less tight market for light crude in the future, following the return of Libyan crude.
The differential will be applied to the average of daily settlements for the front month
May Oman contract at the end of March to set Dubai's official selling price (OSP) for May-loading crude.
The front month
WTI crude oil contract has remained bid and consolidated gains of last Thursday/Friday.
SEWTI is designed to track the S&P GSCI Crude Oil Enhanced Total Return index, an enhanced index that adjusts its exposure to the futures curve on a monthly basis, dynamically moving between the front month
and 6 month NYMEX WTI futures contract depending upon the steepness of the curve," it added.
Brent front month
(Platts) (1C); group three unleaded gasoline (Platts) (A9); group three unleaded gasoline (Platts) vs.