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Rich Asplund

NY Sugar Prices Slip on Rain Forecasts for Brazil

Brazil Somar Meteorologia Green Pool Commodity Specialists London Thailand USDA

May NY world sugar #11 (SBK25) Friday closed down -0.06 (-0.31%), and May London ICE white sugar #5 (SWK25) closed up +2.80 (+0.52%).

NY sugar prices Friday fell from 2-week highs and turned lower on forecasts for rain in Brazil next week. Somar Meteorologia forecasted widespread showers next week in Brazil, which would ease dryness concerns and support sugarcane yields.

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