The sugar market has provided some excellent trading opportunities (mostly bullish) in the last year, thanks to a mix of above-normal weather volatility, currency factors and significant supply disruptions. However, a confluence of fundamental factors points to a decidedly less sanguine outlook for prices going forward – both a short-term and even a longer-term perspective. Here I’ll outline those variables while making the case that traders who haven’t done so should begin limiting their long-term exposure to the sweet commodity.
To say that sugar’s road this year has been a bumpy one would be a