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Barchart
Barchart
Rich Asplund

Sugar Prices Erase Early Gains as Real Strength Spurs Long Liquidation

October NY world sugar #11 (SBV26) is down -0.64 (-3.52%) today, and October London ICE white sugar #5 (SWV26) is down -13.20 (-2.52%).

Sugar prices gave up an early advance today and sold off sharply, as weakness in the Brazilian real prompted long liquidation in sugar futures. The real (^USDBRL) fell to a 2-week low against the dollar today, encouraging export sales from Brazil’s sugar producers.

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