By Yi Tian Oct. 22 (Bloomberg) -- Sugar futures fell for the second time in three sessions as the dollar rebounded, reducing the appeal of commodities as an inflation hedge. Orange juice also dropped. The greenback rose against the euro after touching a 14- month low yesterday. The Reuters/Jefferies CRB Index of 19 raw materials fell as much as 0.6 percent. Yesterday, the gauge climbed to a 12-month high. “There is a little technical selling,” said Jimmy Tintle, an analyst at Transworld Futures in Tampa, Florida. “Commodities in general are down with the dollar being up.” Raw-sugar futures for March delivery fell 0.52 cent, or 2.2 percent, to 23.52 cents a pound at 10:03 a.m. on ICE Futures U.S. in New York. Sugar has almost doubled this year as adverse weather hampered harvests in Brazil and India, the world’s biggest producers, exacerbating a global-output deficit. The market is “looking for some fresh news” on production from Brazil and India, Tintle said. He said he remains “bullish,” while a retreat is possible. A close below 23.4 cents may drag prices to 22 cents tomorrow, he said. On ICE, orange-juice futures for January delivery fell 1.35 cents, or 1.1 percent, to $1.194 a pound. Before today, the price surged 78 percent this year on forecasts for a smaller orange crop in Florida, the biggest producer after Brazil.

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