REPORTS

Barchart - May NY world sugar #11 (SBK26) on Monday closed down -0.18 (-1.15%), and May London ICE white sugar #5 (SWK26) closed down -2.70 (-0.60%).

Monday's plunge in crude oil prices (CLK26) by more than -9% sparked long liquidation in sugar futures. The weakness in crude prices undercuts ethanol prices and may encourage the world's sugar mills to decrease ethanol production and boost sugar output.