May NY world sugar #11 (SBK24) this morning is down -0.24 (-1.09%), and May London ICE white sugar #5 (SWK24) is down -1.90 (-0.30%).
Sugar prices this morning gave up an early advance and turned lower as a rally in the dollar index (DXY00) to a 5-week high sparked long liquidation in sugar futures. Sugar initially moved higher, with London sugar posting a 1-month high, on concern about excessive dryness in Brazil based on forecasts for limited rain over the next week in Brazil's Center-South, the country's primary sugar-growing region.
