• Sugar futures on ICE tumbled in heavy trade on Monday as the Brazilian real currency dropped to its lowest level in nearly six years after the re-election of President Dilma Rousseff in Brazil.
• March ICE raw sugar futures fell 0.35 cent, or 2.1 percent, to settle at 16.03 cents a lb, after falling to a 3-1/2 week low of 15.91 cents a lb as the real fell to its weakest level since December 2008.
• Incumbent President Dilma Rousseff's tight victory in Sunday's election sent Brazilian financial markets plunging, as many investors had been rooting for pro-business challenger Aecio Neves.
• Uncertainty about Brazil's ethanol industry also weighed on sugar prices in light of Rousseff's victory, as her administration has subsidized gasoline at the expense of the sugar cane-based fuel.
• The president of sugar cane industry group Unica called for a dialogue with Rousseff on Monday, asking her to clarify her stance on ethanol's place in Brazil's energy matrix.
• December London white sugar futures settled down $7.40, or 1.7 percent, at $421.70 a tonne.