
Oct NY world sugar #11 (SBV23) on Tuesday closed +0.06 (+0.25%), and Oct London white sugar #5 (SWV23) closed -3.30 (-0.49%).
Sugar prices Tuesday settled mixed. A +2% rally in WTI crude oil (CLQ23) Tuesday supported sugar prices. Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.