Brazilian Real Strength Sparks Short Covering in Sugar Futures

October NY world sugar #11 (SBV25) on Monday closed up +0.21 (+1.33%), and October London ICE white sugar #5 (SWV25) closed up +6.20 (+1.28%). Sugar prices settled sharply higher on Monday and posted 1.5-week highs.  Strength in the Brazilian real sparked short covering in sugar prices after the real (^USDBRL) on Monday rallied to a 15-month high against the dollar.  The stronger real discourages export sales from Brazil's sugar producers. More News from Barchart `````````` An excessive s ...