Sugar Futures Move Down

March New York Sugar is trading at 20.33, down 0.15 cents/lb. May New York Sugar is trading at 20.29, down 0.14 cents/lb. New York Sugar futures are trading at the session lows. Chatter about a possible global sugar production surplus for the 2017 to 2018 season is starting to show up. Street estimates for Brazil's and Russia's sugar output have shown increases. Talk about India's weather and need for sugar imports have been supportive.