date:May 09, 2016
Raw-sugar futures dived to one-week low Thursday as traders took profits following three weeks of steady gains in the most active contract.
Raw sugar for July delivery lost 4.9% to end at 15.84 cents a pound on the ICE Futures U.S. exchange, its largest percentage loss since March 24.
Sugar put in a new high, he said, and with no news to help it go higher, traders decided to take profits.
As of last Tuesday, net bullish bets on sugar were at their highest since Jan. 5, according to U.S. Commo