The Sugar futures
has sown an impressive run up into the 20 Cents/ Lbs
mark especially when the dollar correction of the last few months has resulted in a strong appreciation of South American currencies, specifically the Brazil Real. The technical significance of Sugar
has been, that its strongest among the Softs. This triangle in the making is a likely continuation of the last few months of rally owing to Global deficit of 2016/17 season. Unlike the other softs where the supply situation has no big concerns, the sugar
rally may not respite soon.