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Sugar Prices Erase Early Gains as Real Strength Spurs Long Liquidation

Source: Nasdaq

Commodities & Raw MaterialsCurrency & FXMarket Technicals & Flows

Sugar futures reversed sharply lower: Oct NY world sugar #11 (SBV26) fell -3.52% and Oct London ICE white sugar #5 (SWV26) dropped -2.52% on the day. The selloff was attributed to weakness in the Brazilian real, which drove long liquidation across sugar futures.

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