International Sugar Market Report 08th November 2017

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Futures were higher for technical reasons and on ideas that Brazilian mills are still concentrating on producing more ethanol and less Sugar. Some selling was seen on forecasts for generally good growing weather in Brazil. Trends are still sideways to up on the daily charts as the market so far has held important short-term support areas on the daily charts. Weekly charts show trading ranges, but it could be that the extended sideways range is coming to an end.

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