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Barchart
Barchart
Rich Asplund

Sugar Settles Higher on Strength in Brazilian Real and Crude Oil

Oil Brazil India Thailand El Nino London NY USDA

Oct NY world sugar #11 (SBV23) on Thursday closed up +0.44 (+1.66%), and Dec London white sugar #5 (SWZ23) closed up +7.80 (+1.07%).

Sugar prices Thursday closed moderately higher.  Strength in the Brazilian real boosted sugar prices after the real (^USDBRL) Thursday climbed to a 2-week high against the dollar.  The stronger real discourages export selling from Brazil's sugar producers.

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