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Thursday, February 02, 2006

20 cents here we come!

Now that the 19 cent barrier has been taken out, traders are looking for the big 20 in world Sugar futures. Trade houses and speculative commodity funds were again the big buyers on the day. After the gap opening this morning, which took the lead month March contract to 19.00. Some profit-taking sell orders entered the ring, and took the market to the day's lows. Read More....