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Market Impact: 0.12

Crude Oil Strength Lifts Ethanol and Sugar Prices

Commodities & Raw MaterialsEnergy Markets & PricesCommodity Futures

July NY world sugar #11 is up 0.02 (+0.14%) and Aug London ICE white sugar #5 is up 0.30 (+0.07%) as sugar prices edge higher alongside strength in crude oil. WTI crude is up more than 1%, which is supporting ethanol prices and providing a modest tailwind to sugar.

Analysis

July NY world sugar #11 is up 0.02 (+0.14%) and Aug London ICE white sugar #5 is up 0.30 (+0.07%) as sugar prices edge higher alongside strength in crude oil. WTI crude is up more than 1%, which is supporting ethanol prices and providing a modest tailwind to sugar.

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