Sugar Long. Yesterday, reaching a maximum of over 14.50 USc / lb and a subsequent correction was quite a logical phenomenon. However, traders’ reactions to lower oil prices appear to be short-termed and limited in price. Even fears of a fall in the price of ethanol are only locally limited. The massive jump in profits withdrawal no longer continues. Due to strong pro-growth fundamental information, the market is strengthening again and building a path to prices above 17 USc / lb.
Graph and table source: WebTrader