
July NY world sugar #11 (SBN23) on Wednesday closed down -0.27 (-1.07%), and Aug London white sugar #5 (SWQ23) closed down -10.70 (-1.51%).
Sugar prices Wednesday posted moderate losses. Weakness in crude prices and the Brazilian real Wednesday weighed on sugar prices. Crude (CLN23) fell to a 3-1/2 week low, which undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar than ethanol, thus boosting sugar supplies. Also, the Brazilian real (^USDBRL) Wednesday tumbled to a 2-month low against the dollar, encouraging Brazil's sugar producers to increase export selling.