• Strong spec buying in raw sugar continued in the week up to the 6th of October, with 40k new long positions opened to drive the net spec position to 220k lots.
  • The net speculative position is now at 20% of open interest and levels above this have been hard to sustain in the past.
  • Both the commercial long and short positions fell considerably as a result of the massive V expiry, where 52k lots were delivered.
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Jack Haslam

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