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Barchart
Barchart
Rich Asplund

Sugar Prices Climb on Commodity Index Rebalancing

March NY world sugar #11 (SBH26) today is up +0.08 (+0.53%).  March London ICE white sugar #5 (SWH26) is up +2.00 (+0.47%).

Sugar prices today extended this week's gains and posted 1-week highs.  Expectations of index-related buying of sugar futures for the annual rebalancing of commodity indexes are pushing sugar prices higher today.  Citigroup projects that the BCOM and S&P GSCI indexes, the two largest commodity indexes, will see inflows of $1.2 billion in sugar futures contracts over the next week to rebalance the indexes.  

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