International Sugar Market Report 17th March 2017

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New York closed a little higher on light volume short covering, but London closed a little lower. There did not seem to be much desire to push prices either way. Chart trends remain down longer term, but futures are trading sideways for now. Charts show that the market is oversold, and futures have not been able to move below 1800, so some short covering is more likely. Market fundamental news has not changed much. Mexico could be forced to sell its Sugar on the open market if the talks to resolve a trade dispute with the US are not successful.

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