• In sugar, prices turned lower after buyers moved to the sidelines. March raw sugar finished down 0.01 cent, or 0.07 percent, at 14.98 cents a lb, having touched 14.62 cents on Wednesday, the lowest since Sept. 24.
• Traders were focusing on Friday's Commitments of Traders (COT) report, with dealers expecting it to show a large net short by the speculative community, potentially adding to buying pressure.
• True enough, during after hours, CFTC reports shows that speculators added to a bearish stance in raw sugar contracts traded on ICE Futures U.S. in the week ended Dec. 16, bringing their net short position to 104,102 lots, an increase of 9,308 lots, and the highest since June 2013.
• March white sugar closed down 30 cents, or 0.08 percent, at $390.90 per tonne, holding above Wednesday's contract low of $383.00.
• In FX, The U.S. dollar hit its highest level against major currencies in over 8-1/2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. Dollar index was last up 0.41 percent at 89.611. The index earlier hit 89.654, its highest since April 2006.
• In sugar, prices turned lower after buyers moved to the sidelines. March raw sugar finished down 0.01 cent, or 0.07 percent, at 14.98 cents a lb, having touched 14.62 cents on Wednesday, the lowest since Sept. 24.• Traders were focusing on Friday's Commitments of Traders (COT) report, with dealers expecting it to show a large net short by the speculative community, potentially adding to buying pressure.• True enough, during after hours, CFTC reports shows that speculators added to a bearish stance in raw sugar contracts traded on ICE Futures U.S. in the week ended Dec. 16, bringing their net short position to 104,102 lots, an increase of 9,308 lots, and the highest since June 2013. • March white sugar closed down 30 cents, or 0.08 percent, at $390.90 per tonne, holding above Wednesday's contract low of $383.00.• In FX, The U.S. dollar hit its highest level against major currencies in over 8-1/2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. Dollar index was last up 0.41 percent at 89.611. The index earlier hit 89.654, its highest since April 2006.
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• In sugar, prices turned lower after buyers moved to the sidelines. March raw sugar finished down 0.01 cent, or 0.07 percent, at 14.98 cents a lb, having touched 14.62 cents on Wednesday, the lowest since Sept. 24.
• Traders were focusing on Friday's Commitments of Traders (COT) report, with dealers expecting it to show a large net short by the speculative community, potentially adding to buying pressure.
• True enough, during after hours, CFTC reports shows that speculators added to a bearish stance in raw sugar contracts traded on ICE Futures U.S. in the week ended Dec. 16, bringing their net short position to 104,102 lots, an increase of 9,308 lots, and the highest since June 2013.
• March white sugar closed down 30 cents, or 0.08 percent, at $390.90 per tonne, holding above Wednesday's contract low of $383.00.
• In FX, The U.S. dollar hit its highest level against major currencies in over 8-1/2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. Dollar index was last up 0.41 percent at 89.611. The index earlier hit 89.654, its highest since April 2006.
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