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  • Specs continued their bullish activity in raw sugar in the week up to the 11th May, increasing their net position to 259k lots long (up 16.9k lots).
  • This was driven by the opening of 22k fresh speculative long positions, which drove prices above 18c/lb, though it has since fallen.
  • This buying was facilitated by producers, who were happy to price into the strength and increase their gross position by 30.7k lots.
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Jack Haslam

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