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SUGAR REPORT | 14.02.2020 | CLOSE TO EXPIRY | SEBAT GROUP

SUGAR REPORT | 14.02.2020 | CLOSE TO EXPIRY

Sugar has outperformed many commodities in the basket and has its own “story”. One could say it is about the time after 2 years in the doldrums. Conditions are overbought but when has that ever stopped anyone adding to longs. As attention is gravitating towards tomorrows March London expiry, options expiry on Tuesday in NY ( 41,707 lots OI on the March 15 call to 16 call inclusive), spot limits on Thursday in NY and March expiry in NY at the end of the month, things might get a little “technical” and order flow at times influential, but everything still points to higher values in the short-medium term.



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