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Rich Asplund

BIZARRE: Sugar prices continue to sag from last weeks contract high - You Need To See This

India International Sugar Organization NY Brazil Deficit Foreign Agricultural Service Thailand USDA London Covrig Analytics

March NY world sugar #11 (SBH27) is down -0.08 (-0.39%), and December London ICE white sugar #5 (SWZ26) is down -3.40 (-0.62%).

March NY world sugar prices today fell for a fourth day on some continued long liquidation pressure after posting a contract high last Wednesday. A large long position by commodity funds in NY sugar futures is putting some downward pressure on sugar prices. Last Friday’s weekly Commitment of Traders report showed funds boosted their long NY sugar positions by 16,184 in the week ended October 13 to a net long position of 228,743, the most in more than five years.

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