date:Aug 10, 2015
d.
Sucden Financial said that we assume that the funds and speculators have added to the net short position as of Tuesday and are expecting a combined net short of some 90,000 lots.
Brazils problems
And, at Australia New Zealand Bank, senior agricultural strategist Paul Deane flagged the prospect of continued pressure on sugar prices from the Brazilian real, which has set a series of 12-year lows against the dollar amid concerns over the South American countrys economy.
The latest low was on