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Rich Asplund

Brazilian Real Weakness Weighs on Sugar Prices

Brazil India Deficit Thailand USDA London Covrig Analytics FAs ISO NY

October NY world sugar #11 (SBV26) is down -0.11 (-0.61%) today, and October London ICE white sugar #5 (SWV26) is down -1.10 (-0.21%).

Sugar prices gave up an early advance today and turned lower as a slump in the Brazilian real (^USDBRL) to a 1.5-week low spurred long liquidation in sugar futures. The weaker real encourages export selling by Brazil’s sugar producers,

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