Learn more

July NY world sugar #11 (SBN24) today is up +0.19 (+1.04%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24) is up +4.90 (+0.91%). Sugar prices today recovered from 1-week lows and moved moderately higher as a weaker dollar (DXY00) sparked short covering in sugar futures. Sugar prices have tumbled over the past seven weeks as ramped-up sugar production in Brazil improved the global supply outlook. Last Thursday, NY sugar fell to a 1-1/2 year nearest-futures low, and London sugar dropped to a 1-1/4 year low on the outlook for ample global sugar supplies. Unica reported last Wednesday that B…

cuu