sugar

fundamentals = down

technicals= up

volatility. v low

time to buy some options! - maybe a staddle or two?!

thoughts?
 
this week's rally had more to do with worries of fluxo, a brazilian producer, getting killed on it's short hedges. the ICE had to issue a statement limiting the trading activities of fluxo. when the mkt smelled a short in trouble, they gunned the market.
 
Quote from criveratrading:

this week's rally had more to do with worries of fluxo, a brazilian producer, getting killed on it's short hedges. the ICE had to issue a statement limiting the trading activities of fluxo. when the mkt smelled a short in trouble, they gunned the market.

Are you an experienced sugar trader? Where do you see sugar going?
 
There is some interesting action today. Up almost 7% as of mid-day. Is it just ag-fever across the board or what? Any idea what is fueling the sugar rally today? It was flat this morning and last night after the refinery fire in Savannah.
 
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