Sugar a little changed

July N.Y. Sugar is trading at 12.30, up 0.05. October Sugar is trading at 12.60, up 0.05. Trading is rangebound Tuesday morning. Brazilian sugar exports in May were a little over 1.33 million tonnes versus 1.194 million tonnes a year ago. The April data was just over 623,000 tonnes. Ethanol exports for May were 91 million liters versus a little over 139 million a year ago. April's data was 21 million. Market talk of good demand for sugar cane for ethanol use has been making the rounds. Market chatter about weather and El-Nino is non-stop. Chatter about large over all supplies continues to bring in sellers on rallies.
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