Sugar Little Higher

October Sugar is trading at 12.50, up 0.08 and July Sugar is trading at 12.12, up 0.05. Trading is steady early Wednesday morning.

Reports coming out of Brazil are showing that Sugarcane harvest in the center/south Brazil sugar producing region was near 40.1 million tons for later part of May versus 28.7 million in the early part of May. Actual Sugar production at the end of May was 1.97 million tons versus 1.24 million tons in the early May. Last year production was 2.02 million tons. Brazil Ethanol production in late May was 1.73 billion liters versus 1.6 billion last year.