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Rich Asplund

Dollar Weakness Stokes Short Covering in Sugar Futures

Brazil Green Pool Commodity Specialists India London Thailand USDA

May NY world sugar #11 (SBK25) today is up +0.18 (+0.93%), and May London ICE white sugar #5 (SWK25) is up +6.20 (+1.14%).

Sugar prices today climbed to 1-week highs due to a weaker dollar. The dollar index (DXY00) today fell to a 1-1/2 week low, spurring short covering in sugar futures.

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