October NY world sugar #11 (SBV25) on Wednesday closed up +0.09 (+0.57%), and October London ICE white sugar #5 (SWV25) closed up +6.60 (+1.37%). Sugar prices moved higher on Wednesday due to a +1% rally in WTI crude oil (CLV25) prices.  Stronger crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies. More News from Barchart On Monday, NY sugar tumbled to a 4.25-year nearest-futures low, ...

October NY world sugar #11 (SBV25) today is up +0.21 (+1.34%), and October London ICE white sugar #5 (SWV25) is up +3.10 (+0.65%). Sugar prices are moving higher today as a +1% rally in WTI crude oil (CLV25) has sparked some mild short covering in sugar futures.  Stronger crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies. More News from Barchart On Monday, NY sugar tumbled to a 4.25 ...