
March NY world sugar #11 (SBH26) today is up +0.22 (+1.48%), and March London ICE white sugar #5 (SWH26) is up +4.30 (+1.01%).
Sugar prices are moving sharply higher today, with NY sugar posting a 2-week high and London sugar posting a 1-week high. Today's rally in the Brazilian real (^USDBRL) to a 1-week high against the dollar has sparked some short covering in sugar futures. The stronger real discourages export sales by Brazil's sugar producers.