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  • The net spec position in raw sugar fell by a considerable 25.6k lots and now stands at 233k lots long.
  • This was mostly driven by the exiting of speculative long positions, with their gross long falling by 23.6k lots, as price fell from above 18c to below 17c in the week the data was captured.
  • Interestingly, consumers increased their position by 15.5k lots, despite the market sentiment of the current No.11 price being expensive.
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Jack Haslam

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