• Specs continued to buy the raw sugar market in the week up to the 13th of October, increasing their net long position to 244k lots.
  • This buying was matched by commercials, who increased their already massive gross position, with almost 38m tonnes of raw sugar now hedged on the market.
  • Prices have steadily risen since the data was captured, suggesting specs are continuing to buy the market.
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Jack Haslam

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