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Barchart
Barchart
Rich Asplund

Sugar Prices Push Higher on Strength in Crude Oil and Brazilian Real

Oil Brazil El Nino ISO London USDA

Oct NY world sugar #11 (SBV23) on Friday closed +0.34 (+1.38%), and Oct London white sugar #5 (SWV23) closed +12.70 (+1.84%).

Sugar prices Friday rallied to 1-month highs and closed moderately higher.  Strength in the Brazilian real is bullish for sugar prices after the real on Friday climbed to a 2-1/2 week high against the dollar.  The stronger real discourages export selling from Brazil's sugar producers.

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