International Sugar Market Report 28th August 2017

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Futures were a little higher in London and in New York on what seemed to be speculative buying related to positive chart trends. Trends are starting to turn up, and the speculative buying could be impressive as they move to cover short positions. Most view the rally as just a short term correction of the recent down trend. Prices have fallen a lot already due to ideas of increased production in the coming year, so some type of correction trading is possible. The big harvest in Brazil and ideas of big offers keep buyers mostly quiet.

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