CANE - Sugar Bounces From The Lowest Price Since 2007

In a Seeking Alpha article on April 3, I explained how the price action in crude oil was weighing on the prices of corn and sugar. In the US, corn is the primary ingredient in ethanol, an additive in gasoline. The US is the world’s leading producer and exporter of the coarse grain. Processing corn into ethanol over the past decades supported farmers, contributed to US energy independence, and according to some scientists, reduces carbon emissions. Brazil is the leading producer and exporter of sugarcane. In the South American nation, the primary input when it