DJ MARKET TALK: ICE Sugar Sets New Highs On Fund Interest
Published: 09/02/2010, 7:50:02 PM
DJ MARKET TALK: ICE Sugar Sets New Highs On Fund Interest 1447 EDT [Dow Jones] - ICE October sugar climbed to a new six-month peak Thursday of 20.94 cents on continued speculative fund buying and the market's bullish fundamentals. Commodity funds have also been strong buyers of coffee and cotton. Worries about crop losses in Pakistan, dry conditions in Brazil cutting further into the cane crush there and congestion at Brazilian ports continue to fuel the rally. Volume is estimated at 121,474 contracts traded, with 28,064 calls and 10,129 put options traded. Nearby October raw sugar gained 0.32 cent, or 1.6%, to 20.81 cents a pound. (TVS) Contact us at 913-322-5177; tom.sellen@dowjones.com (END) Dow Jones Newswires 09-02-10 1446ET 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 2010-09-02 18:46:31 UTC ^^^^^^