Sugar Prices Fall as Crude Oil Slumps

March NY world sugar #11 (SBH26) on Thursday closed down -0.06 (-0.40%), and March London ICE white sugar #5 (SWH26) closed down -1.90 (-0.45%). Sugar prices gave up early gains on Thursday and turned lower after crude oil prices plunged.  WTI crude (CLF26) tumbled to a 7-week low on Thursday, 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 pric ...