Rising Crude Oil Prices Support Ethanol and Sugar Prices

Written on 05/21/2026
Rich Asplund

July NY world sugar #11 (SBN26 ) today is up +0.14 (+0.95%), and Aug London ICE white sugar #5 (SWQ26 ) is up +3.00 (+0.68%). Sugar prices are moving higher today as strength in crude oil prices spurred short covering in sugar futures. Crude oil (CLN26 ) jumped by more...Glass jar and bowl with white sugar cubes on table by Liudmila Chernetska via iStock