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Barchart
Barchart
Rich Asplund

Sugar Pushes Higher as the Brazilan Real Rallies

Brazil India ISMA El Nino ISO London USDA

July NY world sugar #11 (SBN23) on Wednesday closed up +0.68 (+2.70%), and Aug London white sugar #5 (SWQ23) closed up +7.10 (+1.04%).

Sugar prices Wednesday closed moderately higher on strength in the Brazilian real (^USDBRL), which climbed to a 1-year high against the dollar.  The stronger the real discourages export selling from Brazil's sugar producers.  

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