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Sugar Acts Like a Resumption of the Uptrend; 22.17 Next

A major upside break-out lifted sugar more than 1.3 cents higher (up 6.8%) over Thursday and Friday and the market experienced strong gains overnight. For the week, October sugar finished with a gain of 1.30 cents. Friday’s strong close was especially impressive as it came with the Brazilian currency pulling back from its recent highs. […]

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