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Barchart
Barchart
Rich Asplund

Sugar Rallies on Brazilian Real Strength

Brazil India London NY ISM ISO Thailand USDA

March NY world sugar #11 (SBH25) Wednesday closed up +0.37 (+2.08%), and March London ICE white sugar #5 (SWH25) closed up +11.20 (+2.40%).

Sugar prices Wednesday settled sharply higher after a rally in the Brazilian real (^USDBRL) to a 6-week high prompted short-covering in sugar futures.  The stronger real discourages export selling from Brazil's sugar producers.

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