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Barchart
Barchart
Rich Asplund

Sugar Prices Close Lower as the Brazilian Real Falls

October NY world sugar #11 (SBV24) Monday closed down -0.11 (-0.49%), and December London ICE white sugar #5 (SWZ24) closed down -0.40 (-0.07%).

Sugar prices Monday gave up an early advance and closed lower, with NY sugar falling back from a 6-3/4 month high and London sugar falling back from a 5-1/2 month high.  Weakness in the Brazilian real sparked long liquidation in sugar after the real (^USDBRL) fell to a 1-week low against the dollar Monday.  The weaker real encourages export selling by Brazil's sugar producers.  

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