US Energy update
us_energyweekly_12122007_v1n1.pdf
Attached is the Weather Trends International world sugar weekly newsletter for December 10, 2007.
worldsugarweekly_12102007_v1n12.pdf
As we are in a period of high speculative trading in World sugar, the fundamentals are still pointing at a favorable supply situation in 2008. Weather is generally favorable in Brazil, India, and Thailand, and conditions are improving in Australia. While Australia’s percentage contribution to the global supply of exportable sugar has decreased in [...]
As the AO flips positive again, the December outlook is relatively bearish from the EU energy demand perspective.
The wetter pattern from the Plains through much of the sooutheastern US should alleviate some of the trader’s fears about drought eroding the potential for the wheat crop, so some of the weather support should start to erode from sugar futures this week. WTI sees a favorable rainfall patten for the next two weeks, [...]