Sugar prices rise amid rains in Brazil; arabica coffee hits one-month low

What happened: Raw sugar futures rose on ICE as excess El Nino-linked rains were forecast again in top grower Brazil. Arabica coffee settled lower and hit a one-month low. Key numbers: Raw sugar settled up 0.13 cent, or 0.7%, at 19.47 cents per lb. Why it matters: Sugar has been supported since July by declining global supply forecasts, with heat and drought damaging Europe's beet crop and a lacklustre monsoon lowering India's cane expectations, per broker AMDIS. Coffee is weighed down by signs the drawdown in ICE-certified stocks may be moderating.

Raw sugar futures rose on ICE as excess El Nino-linked rains were forecast again in top grower Brazil. Arabica coffee settled lower and hit a one-month low.

Sugar has been supported since July by declining global supply forecasts, with heat and drought damaging Europe's beet crop and a lacklustre monsoon lowering India's cane expectations, per broker AMDIS. Coffee is weighed down by signs the drawdown in ICE-certified stocks may be moderating.