Bulls Start To Sour On Sugar

Bulls start to sour on Sugar: July Sugar hit 2-month lows this morning, as commodity funds and speculators continue to liquidate their long positions. The decline started right from the opening, as locals and producers were selling and only trade house buying prevented further losses early in the session. Speculative sell-stops were triggered, once July fell below 16.60 and trade buying dried up. Commodity funds then started their liquidation, and prices closed near the lows of the day. Read More....