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Barchart
Barchart
Rich Asplund

Sugar Prices Weighed Down by Weakness in Crude Oil

Oil India ISMA ISO Ethanol FAs London USDA

May NY world sugar #11 (SBK26) today is down -0.20 (-1.39%), and May London ICE white sugar #5 (SWK26) is down -2.50 (-0.60%).

Sugar prices are sliding today amid weakness in crude oil prices.  WTI crude (CLJ26) is down by more than -3% today, which undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thereby boosting sugar supplies.  

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