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July NY world sugar #11 (SBN24) this morning is down -0.01 (-0.05%), and Aug London ICE white sugar #5 (SWQ24) is up +1.00 (+0.18%). Sugar prices this morning are little changed. Weakness in crude prices (CLM24) is weighing on sugar. Crude prices fell to a 6-week low today, which weighs on ethanol prices and may prompt global sugar mills to divert more cane crushing to sugar production instead of ethanol, thus boosting sugar supplies. Also, on the negative side, Unica reported last Friday that 2024/25 Brazil sugar production in the first half of April jumped +31.0% y/y to 710 MT. Also, the per…

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