Hedge funds seen long sugar

Hedge funds and speculators seen going long in the New York sugar futures market according to Commodity Futures Trading Commission.  Longs exceeded shorts by over 52,000 ICE futures contracts.  Overall net long positions increased by 14,965 from last week.  This is while those engaged in the physical growing and processing of sugar and likely to be hedging were short a net total of 46,426 contracts compared with last week which is an increase of over 14%.

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