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Raw sugar futures finished higher Friday as trade and speculative short-covering enabled the sweetener to rebound from its session lows and the market could drift in a band next week, brokers said. The New York Board of Trade's July raw sugar contract rose 0.09 cent to end at 8.35 cents a lb, moving from 8.22 to 8.37 cents. On Thursday, the contract closed at 8.26 cents in the lowest finish for sugar on a spot basis since settling at 8.08 cents on April 15. October gained 0.07 cent to 8.43 cents. Except for one contract, back months increased 0.04 cent.

Copyright Reuters, 2005

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