REPORTS

Barchart - Sugar prices on Monday were pressured by forecasts from Brazil's Rural Clima that there will be beneficial rain through August 10 that would improve soil moisture for sugar crops.

Sugar prices were supported by Monday's +1.03% rally in the Brazilian real (^USDBRL) versus the dollar, which discourages export selling by Brazil's sugar producers.

A lack of recent rain in several sugar-growing regions worldwide supports sugar prices.  Maxar Technologies said last Wednesday that hot and dry conditions in France and Germany threaten to lower sugar beet yields in the European Union and that India's sugarcane around the Ganges River Basin received below-normal rainfall in June and July.