• In raw sugar, the net spec long fell slightly in the week up to the 2nd of February, highlighting uncertainty about price direction as specs added 6k long positions and 9k short.
  • Consumers continued to buy strongly, adding a further 13k lots, meaning the total increase since the start of the year is 75k.
  • Consumers are likely to continue to buy for the coming sessions as the H’21 expiry draws near.
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Jack Haslam

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