The Outlook for a Global Sugar Surplus Weighs on Prices [Yahoo! Finance]
StoneX Group Inc. (SNEX)
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Source: Yahoo! Finance
Sugar prices settled lower on Thursday, with NY sugar falling to a 2-week low. The outlook for the global sugar surplus to persist is weighing on prices and limiting rallies. More News from Barchart Coffee Prices Settle Higher as Shipping Costs Jump Has Sugar Been Artificially Sweetened by War in Iran? Cocoa Prices Climb on Dollar Weakness and Higher Shipping Costs Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Sugar losses were limited on Thursday amid soaring crude oil prices. WTI crude oil (CLJ26) surged more than +8% to a 19.5-month high on Thursday, which benefits ethanol prices and could prompt the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies. On February 12, sugar prices plunged to 5.25-year nearest-futures lows on concern that a global sugar surplus will
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- Cocoa Prices Rebound on Concerns of Supply Disruptions [Yahoo! Finance]Yahoo! Finance
- Surging Crude Oil Supports Sugar Prices [Yahoo! Finance]Yahoo! Finance
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