REPORTS

Barchart - Sugar prices on Wednesday fell back on some long liquidation pressure after posting a 2-month high on Monday. Sugar prices were undercut by Wednesday's mildly stronger dollar.
Sugar prices fell despite Wednesday's +5% rally in oil prices, which would normally be supportive of sugar prices. Higher crude oil prices support ethanol prices, encouraging the world's sugar mills to divert cane crushing toward ethanol production rather than sugar, thereby reducing sugar supplies.