July NY world sugar #11 (SBN26) on Friday closed down -0.13 (-0.91%), and Aug London ICE white sugar #5 (SWQ26) closed down -2.30 (-0.51%).
Sugar prices settled lower on Friday amid weakness in crude oil and the Brazilian real. WTI crude oil (CLN26) fell more than -3% on Friday, undercutting ethanol prices that could prompt the world’s sugar mills to divert more cane crushing to sugar production rather than ethanol, thus boosting sugar supplies. Also, the Brazilian real (^USDBRL) tumbled to a 1.75-month low against the dollar on Friday, encouraging export sales from Brazil’s sugar producers.
Coffee Prices Sink on Expectations of a Record Brazil Coffee Crop
Expectations of a Record Brazil Coffee Crop Undercuts Prices
Why Was the Commodity Sector Seeing Red Early Friday Morning?
Sugar prices settled lower on Friday amid weakness in crude oil and the Brazilian real. WTI crude oil (CLN26) fell more than -3% on Friday, undercutting ethanol prices that could prompt the world’s sugar mills to divert more cane crushing to sugar production rather than ethanol, thus boosting sugar supplies. Also, the Brazilian real (^USDBRL) tumbled to a 1.75-month low against the dollar on Friday, encouraging export sales from Brazil’s sugar producers.
Coffee Prices Sink on Expectations of a Record Brazil Coffee Crop
Expectations of a Record Brazil Coffee Crop Undercuts Prices
Why Was the Commodity Sector Seeing Red Early Friday Morning?
3 hours ago
