• A week of good spec buying to open new longs in raw sugar was matched by producer selling, who were happy to price into recent strength in the market.
  • This pricing took the number of futures held by the commercial shorts to 795k, the second-highest recorded level, meaning if specs continue to buy, consumers will not likely have much more to sell.
  • In white sugar, the sizeable net spec long position remained stable, reflecting the continued tightness in the market.
undefined

undefined

undefined

undefined

undefined

undefined

undefined

Jack Haslam

More from this author