October NY world sugar #11 (SBV24) Tuesday closed down -0.36 (-1.91%), and Oct London ICE white sugar #5 (SWV24) closed down -7.70 (-1.46%). Sugar prices Tuesday extended Monday’s decline to 2-week lows. Tuesday’s -4% selloff in WTI crude oil (CLV24) to a 16-month low weighed on sugar prices. Weaker crude oil prices undercut ethanol prices and may prompt the world’s sugar mills to divert more cane crushing to sugar production rather than ethanol, thus boosting sugar supplies. Losses in sugar accelerated Tuesday when Maxar Technologies forecasted that showers will pass over the southern portion…