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Barchart
Barchart
Rich Asplund

Sugar Prices Recover on Brazilian Real Strength

Brazil India ISMA ISO London Thailand FAs USDA

March NY world sugar #11 (SBH26) today is up +0.04 (+0.27%).  March London ICE white sugar #5 (SWH26) is down -0.50 (-0.12%).

Sugar prices recovered from early losses today and are trading mixed.  Short covering emerged in sugar futures today after the Brazilian real (^USDBRL) rallied to a 1.5-month high against the dollar.  The stronger real discourages export sales from Brazil's sugar producers.

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