Raising Cane: Sugar Leaps To 3-Week Highs Today

Raising Cane: May Sugar leaps to 3-week highs today on strong fund and trade buying. After reaching its recent lows at 16.19 on March 9th, the Sugar market had been caught in a sideways pattern for the past 2 weeks. Friday's rally tipped the market in favor of the bulls and today's sharp gains seemed to have confirmed the recent bullish momentum. The market opened just above the downtrend line formed from the February 3rd contract highs, and set the tone for commodity fund buying. Read More....