Sugar Traders Most Bullish Since October on Ethanol

Sugar Traders Most Bullish Since October on Ethanol

Dado Galdieri/Bloomberg

Vapor steam billows from chimneys at a sugarcane processing facility near Sertaozinho, Brazil. The drop in prices makes it more profitable for millers in Brazil, the biggest producer, to use more cane to make ethanol instead of raw sugar when harvesting starts in April.