• It was a quiet week for market participants in raw sugar, but the net spec position reversed its recent trend to grow by a modest by 2.5k lots.
  • This reversal dovetailed with upward price movement in the market in the run up to the data capture.
  • Price has since risen above 15c, with the H/K spread again surpassing 75 points – suggesting that specs could again be feeling bullish and starting to buy the March.
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Jack Haslam

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