Slumping Crude Oil Pressures Sugar Prices
Yahoo Finance·2026-03-16 18:22
May NY world sugar #11 (SBK26) on Monday closed down -0.18 (-1.25%), and May London ICE white sugar #5 (SWK26) closed down -1.30 (-0.31%). Sugar prices were under pressure on Monday from weakness in crude oil prices. WTI crude (CLJ26) fell by more than -4% on Monday, undercutting ethanol prices and potentially prompting the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thereby boosting sugar supplies. More News from Barchart Earlier this month, sugar pr ...