From a fundamental point of view, there is nothing too surprising happening in the last couple of days as the main focus remains on the current Brazilian harvest with India and Thailand still in their start-up to the new season. The weather in Brazil has been pretty wet for the second half of July, which could have potentially led to a few stoppages to the mills’ crush but also provided relief to the cane after the serious drought. The first half of August on the other hand is forecasted to be very dry, with no rains on the radar whatsoever in the next few days. From a demand point of view, market gossip tells us that Chinese interest is picking up at a decent pace after all at current levels as supposedly several cargoes were booked in the last couple of days, which might have resulted in the support seen today.