DJ MARKET TALK: Liffe Sugar Edges Up On Tight Supply Forecasts
Published: 09/01/2010, 2:00:03 PM
DJ MARKET TALK: Liffe Sugar Edges Up On Tight Supply Forecasts 1257 GMT [Dow Jones] Liffe white sugar futures trade just above the flatline, supported by fears of a tightening supply/demand balance, says Sucden. UK sugar analyst Czarnikow Tuesday cut its predictions for the 2010-11 crop from a surplus to "equilibrium," underscoring weather risks in the coming year. The difference between the October and December contracts is narrower at $47.80, with estimates for the number of long postions to be rolled over at between 7,000-9,000 lots, says Sucden, leaving prices "likely to continue sideways to higher." December +$2.60, or 0.5%, at $531.90/ton. (caroline.henshaw@dowjones.com) Call us in London: 44 20 7842 9415 E-mail: londonsofts@dowjones.com (END) Dow Jones Newswires 09-01-10 0857ET Copyright (c) 2010 Dow Jones & Company, Inc. DJ info: N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSTR,N/ALMT,N/ANL,N/CMD,N/DJMT,N/DJWI,N/SCD,N/SGR N/STK FSN45519 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-09-01 12:57:47 UTC ^^^^^^