Friday, March 8, 2013
Near oversold conditions for Sugar futures seem to have been alleviated, as near-term bullish news has rallied prices nearly 1-cent from recent lows. The price rebound may have some legs to it, as the term-structure has turned to a backwardation for the old-crop months due to possible shipping delays out of Brazil. Longer-term traders will likely turn their focus to this season’s production totals, as well as the amount of Sugar that will be processed into ethanol to see … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards