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Barchart
Barchart
Rich Asplund

Technical Selling Weighs on Overbought Sugar Prices

India USDA ISO Brazil Ethanol Deficit FAs London NY

October NY world sugar #11 (SBV26) today is down -0.02 (-0.13%), and Aug London ICE white sugar #5 (SWQ26) is down -11.30 (-2.31%).

Sugar prices gave up an early advance today and turned lower as the recent rally pushed sugar prices into overbought territory, sparking technical selling and long liquidation.

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