date:Aug 23, 2018
over a fourteen month period. However, at almost 24 cents per pound, the sweet commodity moved back into a condition of oversupply as free market producers of sugar stepped up output in response to the higher price. The commodity cycle in sugar reached the bottom end of its range in August 2015 and the top in October 2016. In August 2018, the price of sugar is back at the low end of its pricing cycle. This week, sugar did something it has not done in over three decades, it violated its pattern