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Barchart
Barchart
Rich Asplund

Sugar Finishes Sharply Higher on Fund Short Covering

India NY Brazil El Nino ISMA USDA

March NY world sugar #11 (SBH24) on Thursday closed up +1.16 (+5.63%), and March London ICE white sugar #5 (SWH24) closed up +27.80 (+4.68%).

Sugar prices Thursday rallied sharply and posted 1-1/2 week highs as year-end positioning by funds sparked short-covering in sugar futures.  

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