Sweet time for sugar? [Video]
|Commodity dealers have been reporting tightness in the sugar market recently and stocks have been down in some of the major countries. Sugar has been on a good run since April 2020 in line with commodities generally. However, is this the time to go long on Sugar in line with its strong seasonals?
Sugar has a strong seasonal pattern now with an annualised return of over 90% and an average return of over 3.5%. So, is this time to turn sweet on sugar?
Major trade risks: The major risk here surround supply levels of sugar which could contradict the seasonal outlook.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.