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At The Close: Sugar: Beyond The Bear Market by John Rose
ARTICLE SYNOPSIS ...At The Close: Sugar: Beyond The Bear Market by John Rose Sugar: Beyond The Bear Market On May 9, 2006, the New York Board of Trade sponsored its first sugar convention in New York City. The event was well attended, and many of the major players in the sugar industry were in attendance. Needless to say, the bullish tone of the event marked a top in the sugar market, and futures have retraced over 50% since then. One of the event's key speakers was Brazil's Eduardo Pereira De Carvalho, the head of the Union of Sugarcane Agroindustry. The Brazilian stance regarding sugar has changed considerabl...
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