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Monday, June 12, 2006

Sugar Tests Recent Lows

Sugar tests recent lows: It was another lower close for Sugar futures today as local and fund selling overpowered trade buying: Lower energy and metals prices contributed to today's weakness. Commodity funds continue to roll out of long July positions into October ahead of last trading day on June 30th. Solid scale-down buying by trade houses kept the market from breaking below the recent lows at 14.86. Read More....