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CANE - Sugar Bulls Prevail But Supply Pressures Increase
Teucrium Sugar Fund ETV
In my previous commentary, I focused on the sugar beet outlook and how a reported increase in Russian beet production it would likely act as a near-term drag on prices. Sugar futures prices have more or less been trending sideways in a narrowing range since around the middle of January, but the bulls haven’t completely given up their control of the short-term trend. Here we’ll look at some factors in the sugar beet growing industry that could weigh against sugar’s longer-term price outlook. I'll also make the case, however, that sugar’s intermediate-term (3-6 month) rising