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Rich Asplund

BIZARRE: Sugar prices sink as funds liquidate long positions - What They Never Told You

India Brazil El Nino ISMA NY USDA

March NY world sugar #11 (SBH24) on Friday closed down -1.18 (-5.42%), and March London ICE white sugar #5 (SWH24) closed down -26.20 (-4.21%).

Sugar prices on Friday fell sharply and gave up nearly all of Thursday's rally.  Year-end position squaring and liquidation from funds pressured sugar prices.  Friday’s Weekly Commitment of Traders (COT) report showed money managers decreased their net-long London ICE sugar positions to 10,920 for the week ending Dec 26, a 22-month low.  

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