October NY world sugar #11 (SBV24) today is up +0.17 (+0.74%), and December London ICE white sugar #5 (SWZ24) is down -2.00 (-0.34%). Sugar prices today are mixed, with NY sugar posting a 7-month high. Drought conditions in Brazil have reduced the country’s sugar production prospects and have pushed sugar prices sharply over the past two weeks. Last Friday, Rabobank cut its 2024/25 Brazil sugar production forecast to 39.3 MMT from a previous forecast of 40.3 MMT, citing excessive dryness. Sugar prices today fell back from their best levels, with London sugar falling into negative territory, as…