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Barchart
Barchart
Rich Asplund

Sugar Prices Weighed Down by Weakness in Crude and the Brazilian Real

Brazil Thailand India India Meteorological Department Unica USDA

July NY world sugar #11 (SBN24) today is down -0.10 (-0.53%), and Aug London ICE white sugar #5 (SWQ24) is down -0.20 (-0.04%).

Sugar prices today fell back from 3-week highs and are moderately lower.  Long liquidation emerged in sugar futures today after the Brazilian real (^USDBRL) fell to a 14-month low against the dollar.  The weaker real encourages export selling by Brazil's sugar producers.

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