Below overnight recap:
• There were a few themes going on over night.
• Global equity markets tumbled on Thursday, hurt by ongoing tensions with Russia and Argentina's default, while the US dollars edged higher against a basket of major currencies to notch its strongest monthly gain in over a year after U.S. labor market data fueled expectations for a more hawkish Federal Reserve.
• Russia banned soy imports from Ukraine and may restrict Greek fruit and U.S. poultry, Russian news agencies reported on Thursday, in what could be responses to new Western sanctions.
• Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.
• Sugar sank fueled by ample nearby supplies offsetting worries over future output, and a strong dollar.
• ICE October raw sugar sank 0.17 cent, or 1 percent, to end at 16.46 cents a lb and slid to a second straight monthly loss. The October contract hit a 5-1/2-month low of 16.42 cents.
• Liffe October white sugar closed down $3.60, or 0.8 percent, at $437.70 a tonne.