Sugar Futures Positioning and CFTC Update 21st October 2019

• Speculators are now long the refined sugar markets for the first time since March 2019.
• Specs in the No.11 have remained fairly constant increasing their position by 6k lots to 177k lots short.
• The speculative money invested in agricultural commodities is currently at the lowest point in almost 8 years.

ICE No.11 Futures Speculative Positioning (values as of 15th October 2019)

Weekly Movements

Net Speculative Position (futures and options)

ICE No.11 Futures Commerical Positioning (values as of 15th October 2019)

Weekly Movements

ICE No.11 Futures Open Interest (values as of 15th October 2019)

Futures & Options Aggregated Open Interest

Weekly Movements

ICE Futures Europe (No.5) Speculative Positioning (values as of 15th October 2019)

Speculative Net Position

ICE Futures Europe Open Interest (values as of 15th October 2019)

Futures and Options Aggregated Open Interest

Weekly Movements

Speculative Positioning in Commodity Complex