Wednesday, June 8, 2011

Today's M^3 - Sugar Futures Up 16% Over the Past Month

Sugar has been the laggard of the commodity complex this year, but it's in the midst of making a nice bounce. With a gain of close to 17%, it's the top gainer over the past 30 days of the commodities we track.

(Click on the chart for a larger view. Click here for the current performance of the commodities market.)

A report came out indicating that the current Brazilian sugar cane crop was expected to have a low yield. However even with this recent gain, sugar is still the worst performer since the middle of January, being down over 23%.

No comments:

Post a Comment