May NY world sugar #11 (SBK26) on Wednesday closed up +0.35 (+2.42%), and May London ICE white sugar #5 (SWK26) closed up +11.40 (+2.68%). Sugar prices rallied sharply on Wednesday, with NY sugar posting a 1.5-month high and London sugar posting a 4.75-month high.   Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) rallied to a 3.5-year high on Wednesday, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar. Mo ...