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  • The net spec position in raw sugar continued to fall for the third week running up, dropping by 35.3k lots to stand at 185k lots long.
  • This drop was driven by the cutting of 29.2k long positions and the addition of 6.1k shorts, which applied the downward pressure required to keep the price below 17c/lb.
  • Commercial market participants closed positions with the N expiry so close, reducing the long and short by 21.2k and 67.7k lots respectively.
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Jack Haslam

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