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Barchart
Barchart
Rich Asplund

NY Sugar Gives Up Early Gains as the Brazilian Real Falls

Brazil NY India Unica USDA Conab Green Pool Commodity Specialists ISMA London

July NY world sugar #11 (SBN25) Tuesday closed down -0.03 (-0.17%), and August London ICE white sugar #5 (SWQ25) closed up +4.10 (+0.84%).

Sugar prices on Tuesday fell from early highs and settled mixed.  Long liquidation in NY sugar futures emerged Tuesday after the Brazilian real (^USDBRL) fell to a 2-week low against the dollar.  The weaker real encourages export selling from Brazil's sugar producers.  

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