Sometimes, it seems that we are only trading one thing. But I trade in several markets. And here is another I trade in. Any opinions on this?
Less acres planted and too wet for good plant development in the RR Valley and elsewhere were compounded by acres not harvested. The same story goes for the potato harvest.
Thanks much Mark and cliff!
This table is a summary of the trends we expect in the coming years. It reflects our sugar price forecast for 2020 and 2021.
This is our forecasted sugar price for the coming years. Prices reflect the spot price for sugar.
|Year||Sugar price forecast||Conditions||Invalid|
|2020||Neutral with a bullish bias||Continuation of sugar supply/demand + a flat commodities trend||If sugar breaks below 10.60|
|2021||Neutral with a bullish bias||Continuation of sugar supply/demand + a flat commodities trend||If sugar breaks below 10.60|
|2022||Potentially bullish (subject to revision)||N/A|