Reports in the sugar market (ICE futures) today are focusing on the ‘news’ that production from India, the world’s second largest producer behind Brazil, will decrease.  At this stage, this is not news that should be moving the market.  We have known about these potential problems with the Indian crop since last year, and the poor start to planting and reversion back to net importer status have been themes discussed for months in our discussions.  Traders and risk managers who have been following our outlooks should have been well positioned to capitalize on these moves, as we approach the expiration of the March contract.  Iin addition to our suite of long range products and weather market intelligence, visit our new mapping feature in myskeye to see global maps up to 14 days out for many commerically important weather parameters.

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This entry was posted on Tuesday, February 24th, 2009 at 12:41 pm and is filed under Agriculture, Biofuels, Global Commodities, Global Weather, Sugar, futures, weather. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.