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Barchart
Barchart
Rich Asplund

Technical Short Covering Lifts Sugar Prices

India USDA Brazil Thailand FAs ISO London NY

March NY world sugar #11 (SBH26) today is up +0.16 (+1.12%), and December London ICE white sugar #5 (SWZ25) is up +4.20 (+1.01%).

Sugar prices are moving higher today after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures.  

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