Futures in London and New York were lower Monday in range trading. There was some buying in anticipation of the EPA biofuels mandate proposals that was released after the close. EPA is proposing to cut biofuels mandates in order to reflect market realities. Ethanol mandates would be unchanged at 15 million gallons.. The trade is keeping a close eye on the value of the Real for ideas about marketing patterns of the mills. Ideas of increasing Sugar production around the world are keeping sellers in control and overall trends remain down.
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