October NY world sugar #11 (SBV24) on Wednesday closed up +0.19 (+0.97%), and Aug London ICE white sugar #5 (SWQ24) closed up +4.10 (+0.74%). Sugar prices recovered from early losses on Wednesday and settled moderately higher. Short covering emerged in sugar futures Wednesday after the Brazilian real ([^USDBRL](https://www.barchart.com/forex/quotes/%5EUSDBRL/overview)) climbed to a 3-1/2 week high against the dollar. The stronger real discourages export selling from Brazil’s sugar producers. NY sugar initially posted a 1-1/2 week low Wednesday on the outlook for above-normal monsoon rain in In…