
July NY world sugar #11 (SBN25) today is down -0.26 (-1.62%), and August London ICE white sugar #5 (SWQ25) is down -0.80 (-0.174%).
Sugar prices are under pressure today, with NY sugar slumping to a 4-year nearest-futures low. Today's -5% plunge in crude prices (CLQ25) is weighing on sugar prices. Lower crude prices undercut ethanol prices and may prompt the world's sugar mills to divert cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.