- In raw sugar the net spec short position continued to decrease, interestingly this was driven by the opening of over 20k new spec long positions – perhaps driven by renewed
strength in the energy markets. - Most of the selling to facilitate this was from commercials, but specs sold too and opened over 7k new short futures positions – reflecting the uncertainty around short term raws price.
- White sugar, though, paints a clearer picture with a small but steady net spec long as the tightness in the market continues to be felt.
ICE No.11 Futures Speculative Positioning (values as of 12th May 2020)
ICE No.11 Futures Commerical Positioning (values as of 12th May 2020)
ICE No.11 Futures Open Interest (values as of 12th May 2020)
ICE Futures Europe (No.5) Speculative Positioning (values as of 12th May 2020)
ICE Futures Europe Open Interest (values as of 12th May 2020)
