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Friday, January 20, 2006

25-year highs in Sugar!

25-year highs in Sugar! Not since 1981 when Ronald Reagan was in the White House, and Disco was on its way out were Sugar prices this high. The lead-month March contract traded as high as 17.25 today as commodity funds, speculators, and trade houses were all buyers this morning. Massive sell stops were triggered on the opening, as the market gapped opened above the 1990 highs at 16.28. Read More....