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Barchart
Barchart
Rich Asplund

Sugar Prices Give Up an Early Gains on Weakness in the Brazilin Real

Brazil India London NY Thailand ISM USDA

October NY world sugar #11 (SBV24) today is down -0.23 (-1.02%), and December London ICE white sugar #5 (SWZ24) is down -0.20 (=0.03%).

Sugar prices today gave up an early advance and turned 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 today.  The weaker real encourages export selling by Brazil's sugar producers.  

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