• Uncertainty caused by Coronavirus has seen speculators reduce their positions in sugar.
  • The CFTC data is as of last Tuesday; we think specs today are close to neutral in the sugar market.
  • Since last Tuesday, futures prices have fallen by around 10%.

ICE No.11 Futures Speculative Positioning (values as of 3rd March 2020

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ICE No.11 Futures Commerical Positioning (values as of 3rd March 2020)

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ICE No.11 Futures Open Interest (values as of 3rd March 2020)

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ICE Futures Europe (No.5) Speculative Positioning (values as of 3rd March 2020)

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ICE Futures Europe Open Interest (values as of 3rd March 2020)

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