REPORTS

Barchart - Sugar prices on Tuesday settled higher and recovered some of the past week's losses. Following 2-month highs posted last Tuesday, sugar prices dropped sharply to 1-week lows on Monday, driven by the outlook for Brazil's sugar mills to increase production. Covrig Analytics reported Monday 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.