
March NY world sugar #11 (SBH25) Monday closed down -0.46 (-2.11%), and December London ICE white sugar #5 (SWZ24) closed down -4.80 (-0.86%).
Sugar prices Monday fell to 1-3/4 month lows, pressured by dollar strength and weakness in crude oil. The dollar index (DXY00) Monday rallied to a 4-1/4 month high, which undercuts most commodity prices, including sugar. Also, WTI crude oil (CLZ24) Monday fell more than -3% to a 1-1/2 week low, which undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.