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Barchart
Barchart
Rich Asplund

Sugar Prices Undercut by Brazil Rain Forecasts and Brazilian Real Weakness

Brazil London Green Pool Commodity Specialists India NY Thailand USDA

May NY world sugar #11 (SBK25) today is down -0.15 (-0.79%), and May London ICE white sugar #5 (SWK25) is down -1.90 (-0.35%).

Sugar prices today extended this week's decline to 2-week lows.  Forecasted rain for Brazil has eased dryness concerns and is weighing on sugar prices.  Meteorologist Climatempo forecasted widespread showers for Brazil's sugar-growing regions into next week.

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