Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Prices Rally as Crude Oil Surges

May NY world sugar #11 (SBK26) today is up +0.30 (+1.93%), and May London ICE white sugar #5 (SWK26) is up +13.70 (+3.05%).

Sugar prices are sharply higher today, with NY sugar posting a 5-month high and London sugar posting a 5.5-month high.  Today's +4% rally in crude oil prices (CLK26) is bullish for sugar.  The strength in crude prices boosts ethanol prices and may encourage the world's sugar mills to increase ethanol production and curb sugar output.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.