Raw sugar heading towards 20 cents

Per yesterday’s post, we may see OCT move towards the 20 cent mark very soon. Overnight trading is down across the commodity board (lead by crude down about 1.5%), but the weather picture in India may limit the downside. The extended range forecast for India is not very favorable for rainfall, so there should be more upside support in the next few sessions.

This entry was posted on Tuesday, August 4th, 2009 at 9:00 am and is filed under Agriculture, Global Commodities, Global Weather, Softs, Sugar. 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.

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Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance results. Opinions expressed herein are the options of the author only and not the opinion of any firm the author may be affiliated or associated with.

Raw sugar heading towards 20 cents

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