- We wrote last week that the increase in No.11 Open Interest might allow specs to move to a record short position in sugar, and this has now happened.
- Speculators were net short of 189k lots in the raw sugar market as of last Tuesday’s close.
- Since last Tuesday the No.11 market has fallen back below 11c for the first time since September 2018.
ICE No.11 Futures Speculative Positioning (values as of 3rd September 2019)
ICE No.11 Futures Commerical Positioning (values as of 3rd September 2019)
ICE No.11 Futures Open Interest (values as of 3rd September 2019)
ICE Futures Europe (No.5) Speculative Positioning (values as of 3rd September 2019)
ICE Futures Europe Open Interest (values as of 3rd September 2019)
