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Monday, July 17, 2006

Bulls Sour On Sugar

Bulls sour on Sugar: Sugar, one of the best performing markets of 2005, has turned in a lackluster performance so far in 2006, with the October contract falling to three-week lows. Sugar has been popular with speculators as an energy play, as its usage for the production of ethanol has been gaining in popularity due to record high gasoline prices. However, the USDA recently released a report stating that the production of Sugar based ethanol would only be economically feasible in the U.S. if prices stay above $3 per gallon. Read More....