July NY world sugar #11 (SBN24) on Wednesday closed down -0.38 (-2.03%), and Aug London ICE white sugar #5 (SWQ24) closed down -10.10 (-1.82%). Sugar prices retreated on Wednesday due to weakness in the Brazilian real. The real Wednesday (^USDBRL) fell to a 5-week low against the dollar, encouraging export selling by Brazil’s sugar producers. Sugar prices have tumbled over the past eight weeks as ramped-up sugar production in Brazil improved the global supply outlook. On May 16, 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 a…