International Sugar Market Report 03 Dec 2018

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Futures closed slightly higher in both New York and London. The recovery in Sugar prices appeared tied to higher Crude Oil and products futures after Crude Oil made new lows for the move. The rally also came from follow through buying tied to 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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