REPORTS

Barchart - Sugar prices settled lower on Friday amid weakness in crude oil and the Brazilian real. WTI crude oil (CLN26) fell more than -3% on Friday, undercutting ethanol prices that could prompt the world’s sugar mills to divert more cane crushing to sugar production rather than ethanol, thus boosting sugar supplies. Also, the Brazilian real (^USDBRL) tumbled to a 1.75-month low against the dollar on Friday, encouraging export sales from Brazil’s sugar producers.