• The net spec long position in raw sugar continued to fall, with a sharp 28k reduction recorded in the week up to the 23rd March, as prices dropped below 16c for the first time in one month.
  • This was largely driven by the closing of 23k spec long positions, but 5k new short positions were opened too.
  • Industrial consumers have again used the pricing opportunity afforded by weakening prices, increasing the commercial long position by 10k lots.
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Jack Haslam

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