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Barchart
Barchart
Rich Asplund

Sugar Prices Weighed Down by an Improving Supply Outlook

India London NY Brazil Unica Conab Green Pool Commodity Specialists the Indian Sugar and Bioenergy Manufacturers Association USDA

July NY world sugar #11 (SBN25) Friday closed up +0.04 (+0.23%), and August London ICE white sugar #5 (SWQ25) closed down -4.10 (-0.83%).

Sugar prices on Friday extended their month-long selloff, with July NY sugar posting a 3-3/4 year nearest-futures low and London sugar posting a 2-week low.  However, sugar prices recovered from their worst levels Friday, with NY sugar climbing into positive territory as a weaker dollar (DXY00) sparked short covering in sugar futures.

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