REPORTS

Barchart - Sugar prices on Monday settled lower due to strength in the dollar (DXY00). Prices have also been under pressure over the past week and posted 2-week lows last Monday on the outlook for Brazil's sugar mills to increase production. Last Monday, Covrig Analytics reported that Brazil's sugar mills are prioritizing sugar production over ethanol, crushing more cane for sugar. This trend is expected to continue as harvesting peaks, driven by drier cane crops that prompt mills to produce more sugar.