Strength in Crude Oil Boosts NY Sugar Prices
Yahoo Finance·2025-09-26 16:24
October NY world sugar #11 (SBV25) today is up +0.11 (+0.70%), and December London ICE white sugar #5 (SWZ25) is down -1.20 (-0.26%). Sugar prices today are mixed, with NY sugar climbing to a 1.5-week high. Strength in crude prices has sparked some short covering in sugar futures as WTI crude (CLX25) rallied to a 1.75-month high today. Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing to ethanol production rather than sugar, thereby curbing sugar s ...