I have been looking at #sugar for a while and I appreciate how well researched this article was. Sugar looked like it bottomed out and I was bullish until this week. Brazil announced that it had plans to end the tariffs on U.S imported Ethanol which will dampen demand for Brazilian ethanol. Also sugar production is far outpacing any demand growth with Europe, and Latin America as well as Brazil producing at record. Sugar futures have been supported by increasing Brazilian ethanol production but if that starts to ebb due to American competition we can see another turn down in sugar prices.
I'm surprised #Sugar Consumption is increasing. There is such a push to eat healthier (soda tax, etc) that I would have thought it was on the decrease. Maybe I should be taking a close look at sugar. $SGG
Technical Analysis: Why Sugar is Headed to $10
#Sugar and #coffee is about to get crushed by sugar/Thailand, and coffee/Brazil. #Corn takes a breath for new highs.
Sugar Market- A Sweet Opportunity
I have been looking at #sugar for a while and I appreciate how well researched this article was. Sugar looked like it bottomed out and I was bullish until this week. Brazil announced that it had plans to end the tariffs on U.S imported Ethanol which will dampen demand for Brazilian ethanol. Also sugar production is far outpacing any demand growth with Europe, and Latin America as well as Brazil producing at record. Sugar futures have been supported by increasing Brazilian ethanol production but if that starts to ebb due to American competition we can see another turn down in sugar prices.
Sugar Market- A Sweet Opportunity
I'm surprised #Sugar Consumption is increasing. There is such a push to eat healthier (soda tax, etc) that I would have thought it was on the decrease. Maybe I should be taking a close look at sugar. $SGG