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Barchart
Barchart
Rich Asplund

NY Sugar Futures Supported by Strength in the Brazilian Real

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March NY world sugar #11 (SBH26) on Tuesday closed up +0.05 (+0.35%), and December London ICE white sugar #5 (SWZ25) closed down -0.30 (-0.07%).

Sugar prices settled mixed on Tuesday.  NY sugar found support due to the strength of the Brazilian real.  The real (^USDBRL) rallied to a 17-month high against the dollar on Tuesday, discouraging export sales from Brazil's sugar producers and sparking short covering in NY sugar futures.

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