Fund Short Covering Pushes Sugar Prices Sharply Higher
July NY world sugar #11 (SBN24 ) on Monday closed up +0.55 (+3.03%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +16.10 (+3.01%). Sugar prices Monday closed sharply higher as strength in the Brazilian real sparked fund short covering in sugar futures. The real (^USDBRL ) on…