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Rich Asplund

SHOCKING: Weak demand weighs on sugar prices | Mind Blowing Facts

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October NY world sugar #11 (SBV26) is down -0.02 (-0.11%) today, and December London ICE white sugar #5 (SWZ26) is down -5.30 (-1.04%).

Sugar prices are under pressure today from demand concerns. According to McDougall Global Views, current open interest in the October NY sugar contract, which expires next Wednesday, signals delivery against the contract could equal about 1.8 MMT, above the average of the past six years and a sign of weak demand.

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