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Stock impact report

Sugar Prices Fall as Crude Oil Plunges [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
Sugar prices extended their week-long slide today, falling to 3-week lows. Today's -16% plunge in crude oil prices (CLH26) is weighing on sugar prices as weak crude prices undercut ethanol prices, potentially encouraging the world's sugar mills to increase sugar production at the expense of ethanol, thus boosting sugar supplies. More News from Barchart Coffee Prices Plunge on Projections for Abundant Global Supplies Coffee Prices Tumble on Abundant Global Supplies Did Watson Blow a Fuse With the Latest TACO Tuesday Trade? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Sugar prices were already on the defensive from Tuesday when India's Food Secretary said that the government has no plans to ban sugar exports this year, easing concerns that it could divert more sugar to make ethanol after the Iran war disrupted crude oil supplies. Su Show less Read more
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