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Rich Asplund

Dollar Weakness Fuels Short Covering in Sugar Futures

India Brazil ISMA ISO NY Thailand Czarnikow FAs London USDA

March NY world sugar #11 (SBH26) on Monday closed up +0.24 (+1.70%), and March London ICE white sugar #5 (SWH26) closed up +1.00 (+0.25%).

Sugar prices settled higher on Monday as the dollar index ($DXY) fell to a 1-week low, prompting short covering in sugar futures.

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