SUGAR UPDATE
The solid run higher has certainly stalled and the market is marking time (in a very corrective phase) wai ng for the catalyst for the next move. The market has sold 200 points lower from 21c to 19c with basically zero change in the speculative long. Whether they chose to start liquidating positions if the market was to push lower will be key. The fact they have watched a 200 point fall and not been cutting positions suggests they are still comfortable with the longer-term outlook.
The previously m...
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