Author: Michael Ferrari, PhD
VP, Applied Technology & Research

One year and several closed funds later, there was a noted difference embedded within many of the discussions at this year’s TradeTech 2010 event, held in New York. At the 2009 conference, Lehman had not yet failed, so where there was hubris on the part of many [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Last week’s call for a stronger downside move materialized, and further verified the view that we have been pushing since late November of last year. May10 futures are currently below our recent downside target of 23 cents; as such, we are advising clients to look at the [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Now that raw sugar futures have scaled back to the mid 20-cent range (a move that we have been anticipating), we have an even stronger conviction about a constructive pattern going forward.  There is still a downside target for May to drop to the upper 24 cent range; [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Here is the discussion of the world sugar markets that was communicated earlier this week:
World sugar futures continue to trade in the range that WTI has been discussing, as the market comes to grips with the fact that, while a global shortage in physical supply still exists, we [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Hopefully, readers of the WTI weekly sugar report were able to take advantage of our thoughts conveyed in last week’s discussion. The deficit in global stocks notwithstanding, we did think that the market was due for a mild correction, as much of the speculation over increasing shortages [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Per monday’s note, spot sugar futures coming down: