World sugar futures climb to highest close since early March
Open interest in world sugar futures rose in the last six reported weeks to a four-month high. Total managed money pushed to a ten-week high last week after seeming range-bound since early June. Total managed money was up 7 percent from the previous month but down 51 percent YOY.
Managed money added strongly to net length in the last two reported weeks to reach a six-month high.
The U.S. dollar index rebounded slightly after Tuesday’s close near a 28-month low. After a decline in June, the Brazilian real has seen reduced volatility and found a stabler trading range in July and August.
#11 world sugar futures & managed money
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