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Rich Asplund

Rain Forecasts for Brazil Undercut Sugar Prices

Brazil Climatempo India Green Pool Commodity Specialists London NY Thailand USDA

May NY world sugar #11 (SBK25) Thursday closed down -0.26 (-1.34%), and May London ICE white sugar #5 (SWK25) closed down -2.50 (-0.46%).

Sugar prices Thursday slid to 1-1/2 week lows as forecasted rain for Brazil eased dryness concerns and sparked long liquidation in sugar futures. Meteorologist Climatempo forecasted widespread showers for Brazil's sugar-growing regions into next week.

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