Nasdaq futures barchart trendlines highlight sustained upward

Nasdaq futures barchart trendlines highlight sustained upward momentum since last week's low at 15, Zillow Group (ZG) is up more than +3% after Gordon Haskett upgraded the stock to buy from hold with a price target of $90. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT.  The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT.  The USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT  FAS predicted that India's 2025/26 sugar production would rise +25% y/y to 35.3 MMT due to favorable monsoon rains and increased sugar acreage.  FAS predicted that Thailand's 2025/26 sugar production will climb +2% y/y to 10.3 MMT. Review of Nasdaq futures barchart sentiment indexes shows a composite score of 7.2 out of 10, elevated from last week’s 6.