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Barchart
Barchart
Rich Asplund

Sugar Prices Retreat on Long Liquidation Pressures

October NY world sugar #11 (SBV26) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26) closed down -9.90 (-1.89%).

Sugar prices gave up an early advance on Friday and sold off sharply, as weakness in the Brazilian real prompted long liquidation in sugar futures. The real (^USDBRL) fell to a 2-week low against the dollar on Friday, encouraging export sales from Brazil’s sugar producers.

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