International Sugar Market Report 10th October 2017

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Futures were lower in both New York and London but closed higher for the week and held support areas on the weekly charts. There was additional talk of improved demand for White Sugar in world markets as London has suddenly become the stronger market. Futures in both markets are in a range, but act prepared to work higher. The fundamental side of the market is not apparently price positive due to ideas of big world production. There were more rains in southern Brazil production areas through the weekend, and some good rains were reported in southern growing areas. These rains could cause problems if they continue. The rains come as the market thinks more and more about La Nina and the potential for drought in pasts of Brazil this year.

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