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Barchart
Barchart
Rich Asplund

Sugar Prices Climb on Year-End Short Covering

India Brazil NY ISMA ISO Thailand FAs London The India Sugar Mill Association USDA

March NY world sugar #11 (SBH26) today is up +0.20 (+1.35%).  March London ICE white sugar #5 (SWH26) is up +2.40 (+0.56%).

Sugar prices recovered from 1-week lows today and are sharply higher on some year-end fund short covering.   Sugar price initially fell today after the dollar index (DXY00) rose to a 1-week high, which weighed on most commodity prices.

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