- It was another quiet week in raw sugar for specs, whose gross long and short positions both had a small drop to take their involvement in the market to a decade low.
- This lack of spec involvement is ominous; any directional trigger for their re-entry into raws could lead to a significant price change in the short-term.
- The net spec position in white sugar continued to fall, reflecting the price deflation over the past few weeks.
ICE No.11 Futures Speculative Positioning (values as of 30th June 2020)
ICE No.11 Futures Commerical Positioning (values as of 30th June 2020)
ICE No.11 Futures Open Interest (values as of 30th June 2020)
ICE Futures Europe (No.5) Speculative Positioning (values as of 30th June 2020)
ICE Futures Europe Open Interest (values as of 30th June 2020)
