• The speculative net long position in raw sugar now stands at +204k.
  • The No.11 V/H spread has weakened ahead of the V expiry, highlighting the lack of physical demand.
  • The gross commercial long and short positions fell heavily, suggesting a lack of appetite for delivery to the tape.

No.11 New York (Raw Sugar)

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No.5 London (White Sugar)

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White Premium (Arbitrage)

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Jack Haslam

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