DJ MARKET TALK: ICE Sugar Hits 6-Mo Peak As Commodities Rally
Published: 09/01/2010, 7:40:03 PM
DJ MARKET TALK: ICE Sugar Hits 6-Mo Peak As Commodities Rally 1438 EDT [Dow Jones] - ICE October sugar rallied to a six-month peak, bolstered by a weak US dollar and widespread commodity purchases as traders added risk to portfolios. Continued concern about persistent, dry conditions in Brazil leading to further cuts in the cane crush is also supportive. Sugar also underpinned by losses to the cane crop in Pakistan and the Russian beet crop. Volume is pegged at 137,303 contracts, with 17,413 calls and 4,970 put options traded. Nearby October raw sugar gained 0.74 cent, or 3.8%, to 20.49 cents a pound, just off the session top of 20.54. (TVS) Contact us at 913-322-5177; tom.sellen@dowjones.com (END) Dow Jones Newswires 09-01-10 1437ET Copyright (c) 2010 Dow Jones & Company, Inc. DJ info: 83742 N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSOV,N/OSTR,N/ALMT,N/CMD,N/CMM,N/DJMT,N/DJWI,N/MK ,N/SCD,N/SGR FSN3742 ACOTV COMMENTS FOOD SUGAR 2010-09-01 18:37:29 UTC ^^^^^^