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Barchart
Barchart
Rich Asplund

Oversold Conditions Spark Short Covering in Sugar Futures

India USDA Brazil Thailand FAs ISO London NY

March NY world sugar #11 (SBH26) on Friday closed up +0.15 (+1.05%), and December London ICE white sugar #5 (SWZ25) closed up +1.70 (+0.41%).

Sugar prices settled higher on Friday after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures.  

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