Sugar Prices Climb as Strength in the Brazilian Real Spurs Short Covering
Yahoo Finance·2026-01-22 16:52
March NY world sugar #11 (SBH26) today is up +0.22 (+1.49%). March London ICE white sugar #5 (SWH26) is up +5.00 (+1.19%). Sugar prices are moving higher today after a rally in the Brazilian real (^USDBRL) to a 1.5-month high against the dollar prompted short covering in sugar futures. The stronger real discourages export sales from Brazil's sugar producers. More News from Barchart An excessively long position in London ICE white sugar futures could exacerbate any price decline. Last Friday's weekly ...