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Rich Asplund

UNBELIEVABLE: Technical short covering supports sugar prices | History Defined

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March NY world sugar #11 (SBH26) on Friday closed up +0.03 (+0.22%), and March London ICE white sugar #5 (SWH26) closed up +21.00 (+5.58%).

Sugar prices moved higher on Friday as the recent selloff pushed prices into oversold territory, prompting some technical buying. March London sugar settled sharply higher on fund short covering as Friday was the last trading day for the March London ICE white sugar #5 contract.

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