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Barchart
Barchart
Rich Asplund

Sugar Prices Undercut by Brazilian Real Weakness

July NY world sugar #11 (SBN26) today is down -0.06 (-0.43%), and Aug London ICE white sugar #5 (SWQ26) is up +0.20 (+0.04%).

Sugar prices are mixed today, with NY sugar matching a 6-week low. Weakness in the Brazilian real is weighing on sugar prices. The real (^USDBRL) today fell to a 2.25-month low against the dollar, which encourages export sales by Brazil’s sugar producers.

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