Sugar remains one of the strongest performing commodities in the U.S. futures market as of late January. Yet several of sugar’s near-term supporting factors have been fading since the start of the new year. In this report, I’ll make the case that the sweet commodity is becoming increasingly vulnerable to a bear raid entering February.
Led by crude oil, a growing number of commodities have fallen to multi-month lows as of late January. A stellar fourth quarter rally for many commodities in 2019 has given way to the inevitable “correction” for several of them in