
October NY world sugar #11 (SBV24) today is up +0.40 (+2.04%), and Aug London ICE white sugar #5 (SWQ24) is up +9.20 (+1.66%).
Sugar prices today recovered from early losses and are moderately higher. Short covering emerged in sugar futures today after the Brazilian real (^USDBRL) climbed to a 3-1/2 week high against the dollar. The stronger real discourages export selling from Brazil's sugar producers.