Sugar Futures Move Up
October Sugar is trading at 20.31, up 0.33 cents/lb.
March Sugar is trading at 20.78, up 0.33 cents/lb.
Sugar futures are trading just under the session highs. Market talk about global currency values and Brazil's sugar production has kept both buyers and sellers active.
Street estimates for Brazil's Center-South sugar producing region during the second half of July are near 3.10 million tonnes versus 2.805 million tonnes during the first half of July and up over 10 percent from a year ago. Sugar production for the center-south region since the start of the season is about 16.9 million tonnes, up 26 percent from a year ago.
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