Sugar down 2 %

N.Y. March Sugar is trading lower Tuesday morning. March Sugar is trading at 15.19 down 0.16. May Sugar is trading at 15.53 down 0.15.Chatter about excess supplies and soft global demand along with weak energy continue to exert downward pressure on Sugar prices. Chatter that weather outlook has improved for sugar cane areas in Brazil. Market talk that raising taxes on Gasoline in Brazil is seen as supportive by some . Chatter that is negative by others, as higher taxes leads to less growth. March Sugar is trading at 15.03 down 0.32, or about 2 % Tuesday morning.