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Barchart
Barchart
Rich Asplund

Sugar Posts Moderate Gains on Strength in the Brazilian Real

Brazil India Thailand ISM London NY Unica USDA

October NY world sugar #11 (SBV24) Wednesday closed up +0.27 (+1.51%), and Oct London ICE white sugar #5 (SWV24) closed up +6.90 (+1.36%).

Sugar prices Wednesday posted moderate gains due to the strength of the Brazilian real (^USDBRL).  Short covering emerged in sugar futures Wednesday after the real rallied to a 1-week high against the dollar, discouraging export selling from Brazil's sugar producers.

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