
On May 24, in a Barchart article, “Sugar Consolidates the Recent High,” I wrote, “The trend is always your best friend in markets. In late May 2023, the path of least resistance in sugar remains higher.” Nearby July #11 world sugar futures were at the 25.87 cents per pound level on May 24. On June 15, the price was near that level as the bullish trend remains firmly intact.
Sugar prices are resting near the recent high