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Sugar Prices Settle Higher on Crude Oil Strength
October NY world sugar #11 (SBV26 ) on Tuesday closed up +0.06 (+0.40%), and October London ICE white sugar #5 (SWV26 ) closed up +2.10 (+0.45%). Sugar prices settled higher on Tuesday, supported by crude oil's strength. WTI crude oil (CLQ26 ) rose more than +2% on Tuesday to a...
Coffee Prices Erase Early Gains on Forecasts for Dry Weather in Brazil
September arabica coffee (KCU26 ) on Tuesday closed down -2.45 (-0.75%), and September ICE robusta coffee (RMU26 ) closed down -66 (-1.70%). Coffee prices gave up an early advance on Tuesday and settled lower after updated weather forecasts took out the rain chances this week in Brazil’s coffee-growing regions, potentially...