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Friday, November 17, 2006

Sugar Falls To 2-Week Lows

Sugar futures fell to 2-week lows this morning, as lower Crude Oil prices sent speculative accounts to liquidate their long positions. Floor sources reported that light sell-stops were activated below the recent lows at 11.60 in the March contract. Weaker Crude Oil prices were also a noted factor in today's declines, as speculative selling spilled over into the Sugar ring. Read More....