Raw Sugar Falls Nearly 4% to One-Month Low; Arabica Coffee Drops 2.8%

Raw sugar futures on ICE fell nearly 4% on Tuesday to hit a one-month low, extending recent losses as funds scaled back long positions, while arabica coffee futures also plunged.SUGAR* Raw sugar ICEUS:SB1! ​settled down 0.73 cent, or 3.8%, at 18.33 cents per lb after setting a one-month low of 18.3…