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NY Sugar Supported as Crude Oil Rallies
Yahoo Finance·2025-09-26 18:28

October NY world sugar #11 (SBV25) on Friday closed up +0.11 (+0.70%), and December London ICE white sugar #5 (SWZ25) closed down -1.90 (-0.41%). Sugar prices settled mixed on Friday, with NY sugar climbing to a 1.5-week high.  Strength in crude prices sparked some short covering in sugar futures as WTI crude (CLX25) rallied to a 1.75-month high Friday.  Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing to ethanol production rather than sugar, thereb ...