REPORTS

Barchart - Sugar prices settled sharply higher on Friday, with London sugar posting a 1-week high.  Soaring crude oil prices on Friday spurred short covering in sugar futures.  WTI crude oil (CLQ26) surged more than +4% on Friday at a 1-month high, which benefits ethanol prices and could potentially prompt global sugar mills to divert more cane crushing toward ethanol production than sugar, thus curbing sugar supplies.