DJ MARKET TALK: Liffe Sugar Off Highs On Profit-Taking
Published: 09/08/2010, 12:00:03 PM
DJ MARKET TALK: Liffe Sugar Off Highs On Profit-Taking 1058 GMT [Dow Jones] Liffe white sugar futures trade higher, making new 6-month highs. The market opened strongly after a firm close Tuesday but has pulled back on profit-taking, says a trader. Tight fundamentals point to further gentle progress to the upside, although any bearish news could force a sharp correction, he says. The white premium has been slowly picking up, rising to $135 on the Oct/Oct contracts and $87 on the Mar/Mar. October +$1.10, or 0.2%, at $606.90/ton. (caroline.henshaw@dowjones.com) Call us in London: 44 20 7842 9415 E-mail: londonsofts@dowjones.com (END) Dow Jones Newswires 09-08-10 0658ET 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 FSN43030 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-09-08 10:58:10 UTC ^^^^^^