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Stock impact report

Sugar Prices Climb as Crude Oil Surges [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
May NY world sugar #11 (SBK26) today is up +0.06 (+0.43%), and May London ICE white sugar #5 (SWK26) is up +6.60 (+1.62%). Sugar prices are climbing today, posting 1-month highs amid a surge in crude prices. WTI crude (CLJ26) soared to an 8.25-month high today, which benefits ethanol prices and may prompt the world's sugar producers to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies. More News from Barchart The U.S.-Iran War Has Hit Cattle. How Much Lower Will Prices Go? Looking for the Next Silver Rally? Speculative Bulls Are Turning to Grain Futures. Supply Concerns Boost Coffee Prices 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! On February 12, sugar prices plunged to 5.25-year nearest-futures lows on concern that a global sugar surplus will persist. On February 11, analysts from su Show less Read more
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