Sugar Prices Weighed Down by Weakness in Crude Oil

March NY world sugar #11 (SBH26) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26) is down -0.80 (-0.19%). Sugar prices gave up early gains today and turned lower after crude oil prices plunged.  WTI crude (CLF26) tumbled more than -2% today to a 7-week low, which undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.   More News from Barchart Sugar prices have retre ...