International Sugar Market Report 30 Nov 2018

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Futures closed higher in both New York and London. Early strength in Crude Oil and then the big rally in the stock market along with some big weakness in the US Dollar helped support the rally. The rally came from chart support as futures in New York have held at the 1230 March area and some speculators decided to cover short positions. Ideas for world Sugarcane and Sugar beets production continue to work a little lower, and ideas that Brazil will continue to process Sugarcane for ethanol remain

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