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Sugar Prices Rise as Strength in Crude Oil Spurs Short Covering

March NY world sugar #11 (SBH27 ) closed up +0.39 (+2.16%) on Wednesday, and December London ICE white sugar #5 (SWZ26 )...

March NY world sugar #11 (SBH27 ) closed up +0.39 (+2.16%) on Wednesday, and December London ICE white sugar #5 (SWZ26 ) closed up +6.50 (+1.29%). Sugar prices finished sharply higher on Wednesday as a +1% jump in WTI crude oil (CLZ26 ) prompted short covering in sugar futures. The...

SOURCE: Nasdaq
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