Wt Sugar Discussion Threads

[stublue] 28/4/2010 23:34

mmm..one analyst predicting 10c in July contract. Well, if it goes there I for one will go very long with SB. I will be surprised (if thats how low it goes) but maybe theres some logic with 10c the 66% retracement of the 30c high.

[sichuk] 27/4/2010 13:39

11.04 is the lowest this has ever reached. Looks like its determined to test this level?
Down 1.7% so far today.

[hectorp] 26/4/2010 12:30

THe ist things peasant class people do when they turn into new working class earners with a much better relative income is indulge in bad things for them like butter meat and sugar.
THe chap who could only afford flour for chapattis can find money for a pound of sugar. There are tens of millions more sugar eaters now than 5 years ago.. I suspect so anyhow. ( and their many children will develop a sweet tooth)

[stublue] 25/4/2010 20:32

Yes, I think its this massive new Brazilian crop thats in the pipeline thats pessuring price.

[bobdouthwaite] 22/4/2010 09:08

lack of clarity on the supply side?

[stublue] 21/4/2010 21:34

Sugar no 11 and suga no16 moving sideways, tilting upwards..sort of..direction.

[stublue] 11/4/2010 23:12

Seeing more sideways action on the chart. I'm long anyhow, think 15c is the strong support, so remain long unless that level is taken out.

[sichuk] 07/4/2010 10:09

Finding the bottom on this is going to be risky business it seems...I guess as you say, it needs to be oversold before it will start its reversal. Goes to prove how quick sentiment can change, and 1 decent Brazilian harvest can impact on prices.

[stonyb] 06/4/2010 18:48

It's you. Although the price rose slightly during UK trading hours the price of #11 sugar (CME May futs) has since fallen from a peak of approx 0.1660 during the day to roughly 0.1594 now. If the price doesn't rally then the SUGA and LSUG ETFs will probably be lower in the morning.

But I know what you mean. A decent spike lower to set up a rebound would be nice.

[sichuk] 06/4/2010 17:21

Is it me, or is the graph looking as if its stopped its huge slide?

[madoff with cash] 01/4/2010 19:08

it's strange that inventories are not decreasing. and more uncertain weathers due to changing climate. yet commodity prices kept falling. usda data yesterday wasn't that bearish to me. i should have left some positions opened overnight having made a few buys today including the low of the day.

[madoff with cash] 01/4/2010 19:04

what a great stuff to trade?? any of you trade sugar 11 or 14?

[chris79] 01/4/2010 14:44

Don't really have anything useful to add. Have played around with the LSUG, although i think i may move to Roulette as it will be less volatile!

[hectorp] 01/4/2010 14:15

So we see, glad I didnt go long yesterday.
H.

[jackpipe] 01/4/2010 13:48

yeah, bottom pickers become cotton pickers. For that very reason, it's going to fall too far, if it hasn't already, so a good opportunity once it turns.

[learningtrader] 01/4/2010 13:36

It would be too early to go long as the momentume is on the downside. Prices have also fallen over 8% today.

[2bracken] 31/3/2010 22:37

Think there is further to fall - futures down this eve. Brazil / India tipped to have a good crop this year. 90 sugar mills open in Brazil. I have a holding in SSUG (short sugar), but thinking of a small hedge in LSUG (leveraged long sugar). Any thoughts?

[hectorp] 31/3/2010 13:31

Time to buy in again.. thanks for the post on the gold thread Stublue.

H.

[sichuk] 25/3/2010 11:56

Frbiz Analyzes Sugar Price Trends

"BEIJING, March 24 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, analyzes sugar price trends.

Recently, the major sugar producing area Guangxi has suffered a serious drought, which resulted in a decline in sugar cane cultivation and sugar production also. Frbiz analysts explain that because of the cut in production impact, sugar prices have recently been volatile, and compared with last year's Mid-Autumn Festival has risen around 30%. However, although there was a consensus forecast of disaster, changes in the international price of sugar are yet to be seen.

Guangxi has an area of 395.74 thousand hectares of crops affected by drought. Affected by large-scale decrease in cultivation of sugar cane, sugar production is expected to fall. Since February, sugar production was cut by 150,000 to 170,000 tons, while the market widely expects the cut in total production will reach 300,000 tons.

Analysts expect that the country's sugar production will decrease by about 11% ( ), which will directly promote the rise sugar prices to 5,000 RMB/ton.

At present, some people think that sugar prices will climb to 6,000 RMB/ton. There are opposing views because of the production from the largest sugar-producing country, Brazil, and the second largest sugar-producing country, India, which is expected to increase production. If so, the international price of sugar will continue to weaken, suppressing Chinese sugar prices as well.

CIO, CTO & Developer Resources
Frbiz's analysts explain that there is still a gap between the Chinese sugar prices and those abroad, if the Chinese import merchants and processors do more, the international price of sugar may not be so weak."

[stublue] 23/3/2010 21:55

Well long term support at 15c on the weekly. I'll buy back in there in quantity. See for yourself, though, I've been expecting the bounce all the way down!

[jackpipe] 23/3/2010 13:54

I think frizzers forgot to mention that it would be a spike down...