Market Overview

NY Sugar Down 2%

Share:

May Sugar has breached 13.00 and is trading at 12.98. Record outputs continues to pressure prices. General selling Tuesday morning is occurring. Chatter about a weak Brazilian real and general U.S. dollar strength that enables exporters to push more sugar out adding to the glut of supplies is making the rounds. Market talk about rain in Brazil's sugar growing regions has led to additional pressure on rallies.

Posted-In: dollar real sugarFutures Commodities Markets

 

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