- Speculators remain on the sidelines in sugar, even though last Monday saw a 5% rally on high volume.
- CFTC data to Tuesday shows speculators didn’t meaningfully add to longs, but did continue to cut short positions.
- Now that No.11 prices have broken out of the recent range to the upside, we might see increased spec buying in the coming weeks.
ICE No.11 Futures Speculative Positioning (values as of 28th July 2020)
ICE No.11 Futures Commerical Positioning (values as of 28th July 2020)
ICE No.11 Futures Open Interest (values as of 28th July 2020)
ICE Futures Europe (No.5) Speculative Positioning (values as of 28th July 2020)
ICE Futures Europe Open Interest (values as of 28th July 2020)
