Brazilian Real Strength Spurs Short Covering in Sugar
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March NY world sugar #11 (SBH25 ) Thursday closed up +0.53 (+2.92%), and March London ICE white sugar #5 (SWH25 ) closed up +9.30 (+1.95%). Sugar prices Thursday rallied sharply for a second day and posted 1-week highs. Short covering in sugar futures accelerated Thursday after the Brazilian real (^USDBRL…
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