REPORTS

Barchart - Sugar prices Tuesday settled moderately higher on reduced Brazil sugar production.  Unica on Tuesday reported that Brazil 2022/23 Center-South sugar production through Jun 15 fell -23.6% y/y to 7.193 MMT.

Higher crude prices Tuesday were also supportive for sugar.  Crude oil prices (CLQ22) Tuesday rallied to a 1-week high, which benefits ethanol prices and may prompt Brazil's sugar mills to divert more cane crushing