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Stock impact report

Sugar Prices Rebound as the Dollar Slumps [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
Sugar prices recovered from 6-week lows on Tuesday and rallied sharply after the dollar index ($DXY) tumbled to a 6-week low, which sparked short covering in sugar futures. More News from Barchart Brazil Dryness and Brazilian Real Strength Push Coffee Prices Higher Cocoa Prices Move Higher as the Dollar Turns Lower Soybean Meal Bulls Spring to Life Supporting Soybean Prices; Cotton Prices Surging 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 prices have been under pressure for the past two weeks and initially fell to 6-week lows on Tuesday amid expectations of abundant global supplies. Last Tuesday, India's Food Secretary said the government has no plans to ban sugar exports this year, easing concerns that it could divert more sugar to make ethanol following the Iran war disruption to crude oil supplies. Stronger sugar output in In Show less Read more
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