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Market Impact: 0.32
Sugar Prices Finish Sharply Higher as Crude Oil Surges
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices
October NY world sugar #11 futures rose 1.66% (+0.30), while October London ICE white sugar #5 gained 2.99% (+15.50). The advance was driven by a 3% jump in crude oil prices to a 3.25-month high, which supports sugar values by improving the economics of diverting cane toward ethanol production.
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