July NY world sugar #11 (SBN24) on Friday closed up +0.03 (+0.16%), and Aug London ICE white sugar #5 (SWQ24) closed up +1.50 (+0.26%). Sugar prices Friday posted modest gains. Short covering emerged in sugar futures Friday after the Brazilian real ([^USDBRL](https://www.barchart.com/forex/quotes/%5EUSDBRL/overview)) rallied to a 3-week high against the dollar. Strength in the real discourages export selling from Brazil’s sugar producers. Gains in sugar prices Friday were limited due to a decline in crude prices (CLM24) to a 1-1/2 month low. Weaker crude prices undercut ethanol prices and may …