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Rich Asplund

Sugar Little Changed as Strength in the Brazilian Real Sparks Short Covering

Brazil El Nino India London USDA

Oct NY world sugar #11 (SBV23) on Tuesday closed unchanged, and Oct London white sugar #5 (SWV23) closed -0.40 (-0.06).

Sugar prices Tuesday fell to 2-week lows but settled little changed after a rally in the Brazilian real sparked short covering in sugar futures. The real (^USDBRL) Tuesday climbed to a 1-week high against the dollar, discouraging export selling from Brazil's sugar producers.

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