REPORTS

Barchart - Sugar prices on Monday fell sharply to 1-week lows. The outlook for Brazil's sugar mills to boost sugar production at the expense of ethanol output is weighing on sugar prices. On Monday, Covrig Analytics reported that Brazil's sugar mills are prioritizing sugar production over ethanol, crushing more cane for sugar. This trend is expected to continue as harvesting peaks, driven by drier cane crops that prompt mills to produce more sugar.