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 ...

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 ...