REPORTS

Barchart - Sugar prices gave up an early advance on Thursday and settled lower as the dollar's strength sparked long liquidation in sugar futures. The dollar index ($DXY) rallied to a 3.5-week high on Thursday, pressuring most commodity prices.  
On Wednesday, NY sugar rose to a 1-week high on signs of smaller sugar output in Brazil after Unica reported that sugar production in Brazil's Center-South in the second half of January fell by -36% y/y to only 5,000 MT. However, cumulative 2025-26 Center-South sugar output through January is up by +0.9% y/y to 40.24 MMT. Also, the ratio of cane crushed for sugar rose to 50.74% in 2025/26 from 48.14% in 2024/25.