date:May 05, 2016
Brazilian real , which fell against the U.S. dollar for the second straight day.
Brazil is the worlds biggest grower of sugar and coffee, and the falling local currency gives bigger returns to sales there. This, combined with weak oil prices, pressured sugar prices until a flurry of late-day buying turned prices higher just ahead of the settlement window, traders said.
A large amount of Brazilian sugar is made into ethanol.
ICE July raw sugar settled up 0.04 cent, or 0.3 percent, at 16.25 cen