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Barchart
Barchart
Rich Asplund

Sugar Prices Find Support on Strength in the Brazilian Real

October NY world sugar #11 (SBV24) today is up +0.17 (0.93%), and Oct London ICE white sugar #5 (SWV24) is up +5.30 (+1.02%).

Sugar prices today are moderately higher.  Strength in the Brazilian real (^USDBRL) today has sparked short covering in sugar futures.  The real rose to a 3-1/2 week high against the dollar today, discouraging export selling from Brazil's sugar producers.

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