Trading Sugar "SB"

[trainee2006]

Hey, here are two issues that could affect the price of sugar. What do YOU think?????

http://www.thehill.com/thehill/export/TheHill/Business/021307_sugar.html

and...

http://www.thehill.com/thehill/export/TheHill/Business/021307_sugarforeign.html

Comments please? (I don't want to lose my teensy nest egg on my first pit-traded futures contract.)
... yes, i'm a virgin...

 

[FullyArticulate]

Which sugar are you going to trade, Sugar #11 or #14?

"SB" is generally Sugar #11 which is sugar for delivery anywhere but the US. As a result, US lobbying efforts should make little difference to #11.

 

[trainee2006]

July "SB" 07 is what I have one contract on.

 

[FullyArticulate]

Then I'd suggest you look for other evidence to support your trade. The articles you posted won't make much difference to the price of Sugar #11.

You might want to subscribe to sugaronline.com--they've got lots of fundamental info.