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Barchart
Barchart
Rich Asplund

Sugar Prices Settle Higher as Brazilian Real Strength Spurs Short Covering

March NY world sugar #11 (SBH26) on Monday closed up +0.13 (+0.89%).  March London ICE white sugar #5 (SWH26) closed up +2.50 (+0.60%).

Sugar prices rose on Monday as strength in the Brazilian real prompted some short covering in sugar futures.  The real (^USDBRL) rallied to a 3-week high against the dollar on Monday, discouraging export sales from Brazil's sugar producers.

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