July NY world sugar #11 (SBN26) today is down -0.25 (-1.67%), and Aug London ICE white sugar #5 (SWQ26) is up +0.10 (+0.02%).
Sugar prices gave up an early advance today and are trading mixed. Sugar prices came under pressure after crude oil prices (CLN26) plunged by more than -5% today, which undercuts ethanol prices and could persuade global sugar mills to divert more cane crushing to sugar production rather than ethanol, boosting sugar supplies.