Summary Box: Sugar soars as weather delays Brazilian shipments; demand strong
By APFriday, September 10, 2010
Summary Box: Sugar prices soar on supply concerns
SWEETER PRICES: Sugar prices soared Friday after rainy weather in Brazil slowed shipments even as global demand is strong and inventories are tight.
ENERGY SURGE: Oil rose after a pipeline that delivers crude to Midwest refineries was shut down. That raised questions about how long the supply may be disrupted.
CORN GROWS: Corn prices rose after the government forecast this year’s production at 13.2 billion bushels. That’s slightly less than its August prediction but higher than last year’s record production of 13.1 billion bushels.
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