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Technical Analysis #C-SUGAR : 2016-02-15

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Drought hits cane Sugar prices slightly edged up on the forecast of 25% lower cane sowings in India’s state of Maharashtra in 2016/17 farming season because of the drought. Previously USDA cut the US sugar production outlook in its monthly report by 100 thousand tons this season from the previous month to 8.8mln short tons. Will the prices continue advancing? USDA has also lowered the estimate of the stocks-to-use ratio to 12.8% from 13% a month earlier. The ratio was much higher at 14.4% in

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