date:May 26, 2016
raised by up to 1.0 cent a pound, with values seen at about 16.0 cents a pound in a years time.
However, again, the forecasts were below those being priced in by investors, with May futures trading on Wednesday at 17.16 cents a pound.
Rabobank highlighted the potential for selling pressure from the unwinding by funds of their record net long position in raw sugar futures and options, besides the flying start to the cane crushing season in Brazils key Centre South region, which some believe