date:Aug 10, 2018
p inputs due to low prices and sharply higher use of sugar to produce ethanol due to favorable energy prices, Mr. Fessler said. He said current returns were about 1.1c a lb better for ethanol than for sugar.
Mr. Fessler said global raw sugar prices also will be influenced by speculative activity in New York ICE raw sugar futures, which currently are in a high net short position, producer hedging and Chinas domestic and export sugar policies. There currently are more bearish than bullish factors