Sugar Not So Sweet!

Sugar not so sweet! That is what bullish traders are thinking lately, with the October contract falling to nine-month lows. Lower energy prices have taken some of the steam out of the Sugar market, with lower Ethanol prices taking some of the bullish enthusiasm out of Sugar. In addition, world Sugar supplies are expected to shift to a surplus this year, as bumper crops are expected from Thailand and India. Commodity funds were the biggest players in Sugar futures the past several months, holding well-over 100,000 net long positions at the peak of the bull market. Read More....