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Rich Asplund

Sugar Settles Higher on Dollar Weakness and Dryness in Thailand

Thailand London NY El Nino ISO USDA

Oct NY world sugar #11 (SBV23) on Friday closed +0.28 (+1.20%), and Aug London white sugar #5 (SWQ23) closed +8.80 (+1.34%).

Sugar prices Friday posted moderate gains, with NY sugar climbing to a 1-1/2 week high and London sugar climbing to a 2-week high. A slide in the dollar index (DXY00) Friday to a 2-week low was bullish for sugar prices.

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