
October NY world sugar #11 (SBV24) today is down -0.04 (-0.21%), and Oct London ICE white sugar #5 (SWV24) is down -0.90 (-0.17%).
Sugar prices today fell back from 1-week highs and are slightly lower. Weakness in crude prices today sparked long liquidation pressures in sugar after crude (CLU24) tumbled to a 7-week low. Lower crude prices undercut ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production than ethanol, thus boosting sugar supplies.