New York and London closed lower after failing to hold an early rally attempt. The selling came in response to the UNICA data. The data showed much less production, but a larger percentage of the crush went to Sugar production instead of Ethanol production. Some of the selling in London cameo n long liquidation in the May contract before it stops trading today. The daily charts show generally mixed trends. The market held a Support zone and rallied strongly, and follow through buying could change short term trends to up.
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