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QSL Weekly Market Update

Monday, 15 May 2017

In a repeat of previous weeks, the sugar market tried to rally mid-week, but dropped again on Friday. The weaker AUD/USD is helping to provide some stability.

A couple of more optimistic indicators on the sugar fundamentals haved started to emerge, but unless we see some dramatic fundamental headline news on Indian demand or Brazilian production to halt the flow, the key driver will likely remain the ongoing speculator selling where we now have the first net-short position in nearly two years. 

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