REPORTS

Barchart - Sugar prices settled lower on Friday, with NY sugar posting a 2.5-week low. Weakness in crude oil (CLX25) and the Brazilian Real (^USDBRL) are weighing on sugar prices. WTI crude sank more than -4% to a 5-month low on Friday, and the real tumbled to a 2-month low against the dollar. Weakness in crude prices undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies. The weaker real encourages export sales from Brazil's sugar producers.