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Barchart
Barchart
Rich Asplund

Sugar Falls Back on Brazilian Real Strength

Brazil India Thailand El Nino Unica USDA

May NY world sugar #11 (SBK24) this morning is down -0.17 (-0.77%), and May London ICE white sugar #5 (SWK24) is down -0.40 (-0.06%).

Sugar prices this morning fell back from 2-week highs and posted moderate losses as weakness in the Brazilian real (^USDBRL) sparked some long liquidation in sugar futures after the recent 2-week rally.   The real today dropped to a 4-1/2 month low against the dollar, encouraging export selling from Brazil's sugar producers.

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