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Barchart

Rich Asplund

Sugar Pushes Higher as the Brazilian Real Rallies

Brazil Thailand India Conab London NY Unica USDA

July NY world sugar #11 (SBN24) this morning is up +0.11 (+0.57%), and Aug London ICE white sugar #5 (SWQ24) is up +3.50 (+0.61%).

Sugar prices this morning are moderately higher. Short covering emerged in sugar futures today after the Brazilian real (^USDBRL) rallied to a 3-week high against the dollar. Strength in the real discourages export selling from Brazil's sugar producers.

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