Brazilian Real Strength Spurs Short Covering in Sugar Futures
Yahoo Finance·2025-12-13 01:34
March NY world sugar #11 (SBH26) today is up +0.22 (+1.48%), and March London ICE white sugar #5 (SWH26) is up +4.30 (+1.01%). Sugar prices are moving sharply higher today, with NY sugar posting a 2-week high and London sugar posting a 1-week high. Today's rally in the Brazilian real (^USDBRL) to a 1-week high against the dollar has sparked some short covering in sugar futures. The stronger real discourages export sales by Brazil's sugar producers. More News from Barchart Sugar prices have retreated ...