Yes, it might be early, and yes sugar might go down a little bit more, but I think an uptrend is at hand.
1. There's a strong seasonal uptrend September, October
2. Commercials got a big long position, 105.904 contracts, which is actually 93,91% relative for the past 6 months.
3. Open Interest is mainly driven by Commercials (988.550 total contracts),...
