
March NY world sugar #11 (SBH25) today is up +0.17 (+0.88%), and March London ICE white sugar #5 (SWH25) is up +3.20 (+0.62%).
Sugar prices today are moderately higher as strength in the Brazilian real (^USDBRL) sparked short covering in sugar futures. The real today is up +0.61% and just below last Friday's 2-3/4 month high against the dollar. Over the past three weeks, strength in the Brazilian real has spurred fund short-covering in sugar, with sugar prices climbing to a 7-week high last Thursday. The stronger real discourages export selling from Brazil's sugar producers.