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Barchart
Barchart
Rich Asplund

Sugar Gains as Dollar Weakness Spurs Short Covering

India Brazil El Nino ISMA NY USDA

March NY world sugar #11 (SBH24) on Wednesday closed up +0.09 (+0.34%), and March London ICE white sugar #5 (SWH24) closed up +4.40 (+0.75%).

Sugar prices Wednesday recovered early losses and settled moderately higher as a slump in the dollar index (DXY00) to a 5-month low sparked short-covering in sugar futures.  

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