Apr 052017

Sugar made a big $5 move and when it moves like this there is usually a bounce pretty soon. Could it hit 15 or even 14. Sure! But shooot, coming off of that 23 level within this last year it’s a good bet that this puppy is ready to settle down a bit. 1-Year POC at $20 and 10-year at $16.50. I like this here. Even if it goes against an order at 16, a double up at 15 looks nice. Brazil crushing starting and could have a huge harvest all together but Australia lost almost all it’s crop from a cyclone, even though AUS has little global share. Then there’s ethanol , bla bla…
We’re going to talk more about it on today’s Trade Buddies Live!

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