• In the past few weeks, speculators have been selling the sugar market, while consumers have been buying hand-to-mouth as the May’21 expiry has neared and prices have been getting cheaper.
  • However, the latest CFTC data shows that speculators have begun to buy the sugar market once more, which has helped the market rebound from 15c.
  • Commercial buying will probably fade post-expiry, but speculative sentiment around the wider commodity market remains positive.
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Jack Haslam

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