October NY world sugar #11 (SBV24) today is down -0.32 (-1.70%), and Oct London ICE white sugar #5 (SWV24) is down -6.00 (-1.14%). Sugar prices today added to Monday’s losses and posted 2-week lows. Today’s -4% selloff in WTI crude oil (CLV24) to a 16-month low is weighing 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 today when Maxar Technologies forecasted that showers will pass over the southern portions of …