Sugar Futures Steady, Conab Raises Production
October Sugar is trading at 19.80, up 0.08 cents/lb.
March New York Sugar is trading at 20.30, up 0.09 cents/lb.
Sugar futures are trading rangebound after Wednesday's soft session.
Market talk about estimates for Brazil's sugar production is constant. Brazil's agricultural agency Conab raised their sugar production forecast for the Center-South sugar producing region to 36.5 million tonnes versus 34.3 million tonnes in April.
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