Sugar prices settled mixed on Wednesday, with New York sugar falling from a one-and-three-quarter-month high as an improvement in India's monsoon rains sparked long liquidation. India's Meteorological Department reported cumulative monsoon rainfall was 15% below normal as of July 8, a substantial improvement from 42% below normal on June 30. Prices found support from a 4% surge in WTI crude oil, which benefits ethanol and could divert more cane crushing toward ethanol, curbing sugar supplies. Sugar has rallied sharply over the past two weeks on earlier concerns that weak monsoon rains would lower yields in India, the world's second-largest producer, with the Earth Science Ministry warning this year's monsoon could be the weakest in 11 years. Additional bullish factors include a 2% year-on-year drop in Brazil's Center-South sugar output through May as mills shifted to ethanol, and Czarnikow's revision of its global 2026/27 sugar balance to a deficit of 100,000 metric tons from a surplus of 1.4 million metric tons.