Bottom Forming in Sugar?

Bottom forming in Sugar? After dropping over 7 cents a pound since July, Sugar futures are starting to find some support around the 11-cent level. Improved production estimates from Brazil, Thailand, and India have analysts looking for a Sugar surplus in the 2006-07 marketing year. Speculators have been holding a net-long position in Sugar futures since the middle of 2005, and the recent sell-off has seen this position cut by over 80%! Read More....