Sugar Futures Trading Higher

May New York Sugar is trading at 19.69, up 0.17 cents/lb. July New York Sugar is trading at 19.50, up 0.17 cents/lb. New York Sugar futures are trading rangebound. Market chatter about global sugar supplies and weather in Brazil is making the rounds. Russia's sugar beet production rose to 6.1 million tonnes, a gain of 18 percent from a year ago and at a record level of sugar beet production.