October NY world sugar #11 (SBV25) today is up +0.23 (+1.51%), and December London ICE white sugar #5 (SWZ25) is up +8.40 (+1.86%). Sugar prices recovered from early losses today and moved sharply higher after a +2% rally in crude oil prices (CLX25) sparked short covering in sugar futures.  Stronger crude prices benefit ethanol prices and could prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies. More News from Barchart Sugar pr ...

October NY world sugar #11 (SBV25) today is down -0.35 (-2.20%), and December London ICE white sugar #5 (SWZ25) is down -6.00 (-1.29%). Sugar prices tumbled to 1-week lows today as Brazil ramps up sugar production.  Unica reported today that Brazil's Center-South sugar output in the second half of August rose by +18% y/y to 3,872 MT.  Also, the percentage of sugarcane crushed for sugar by Brazil's sugar mills in the second half of August increased to 54.20% from 48.78% the same time last year.  However, c ...

October NY world sugar #11 (SBV25) today is up +0.29 (+1.84%), and October London ICE white sugar #5 (SWV25) is up +8.10 (+1.67%). Sugar prices are sharply higher today and posted 1.5-week highs.  Strength in the Brazilian real is boosting sugar prices today after the real (^USDBRL) rallied to a 15-month high against the dollar.  The stronger real discourages export sales from Brazil's sugar producers. More News from Barchart An excessive short position by funds in NY sugar could fuel gains in any short ...