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  • Raw sugar saw its largest fall in the net spec position in almost three months, with a reduction of 22.1k to now stand at +209k lots.
  • This lack of buying interest was mirrored by the commercials as consumers reduced their long position by 9.7k lots, after months of steady growth.
  • This lack of order flow has been negative for price and saw it retrace below 19c/lb, from highs of above 20c.
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