Sugar's up big this morning. I can't find any news justifying or even commenting on the reason for the move.
I know funds had been moving some money over to the sugar market, as it is being more heavily weighted on a few commodity indexes.
Regardless, sugar has some room to run. It neared the 20 cent mark a couple of years back, I believe its destined to but through that mark at some point. Even at 12 cents, sugar is quite cheap relative to a barrel of oil (thus the incentive to turn sugar into ethanol is quite high).
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
This Thursday, we're co-hosting a free "trading training" webinar with our colleagues at TradingWins.com . Our goal is ...
-
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...
-
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
No comments:
Post a Comment