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Barchart
Barchart
Rich Asplund

Sugar Prices Recover as Strength in the Brazilian Real Sparks Short Covering

Brazil India USDA Thailand FAs ISO

March NY world sugar #11 (SBH26) today is up +0.11 (+0.77%), and December London ICE white sugar #5 (SWZ25) is up +1.70 (+0.41%).

Sugar prices shook off early losses today and turned higher after strength in the Brazilian real (^USDBRL) sparked mild fund short covering in sugar futures.  The real rallied to a 2.5-week high against the dollar today, discouraging export sales from Brazil's sugar producers.

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