New York March 11 World Sugar (SBH26) is up +0.04 (+0.27%) today. London March ICE #5 white sugar (SWH26) was down -0.50 (-0.12%). Sugar prices recovered from initial losses today and are trading mixed. Short covering emerged in sugar futures today after the Brazilian real (^USDBRL) rose to a 1.5-month high against the dollar. The…
World No. 11 New York March Sugar (SBH26) closed Friday up +0.39 (+2.68%). London March White Sugar ICE #5 (SWH26) closed up +10.20 (+2.44%). Sugar prices closed sharply on Friday amid short covering by funds ahead of a three-day weekend in the US, with markets closed on Monday for the Martin Luther King Day holiday….
New York March World Sugar #11 (SBH26) closed Monday up +0.04 (+0.27%), and London March White Sugar #5 ICE (SWH26) closed up +0.80 (+0.19%). Sugar prices rose on Monday as they continue to consolidate below one-month highs reached last Wednesday. Sugar is supported by recent news that India’s Food Ministry said it was considering raising…
