Getting technical with the sugar markets

World sugar surpasses 50% retracement off the lows this week Speculators done with long liquidations but have not been buyers yet on this rebound Historical correlation between #11’s & 16’s is a wild ride but currently above 90% #16 domestic raw futures up $0.04 vs. last year approaching negotiations Mark your calendars! McKeany-Flavell’s Spring Market Seminar coming April 17, 2024! Registration is now open at mckeany-flavell.com Our next webinar: Key Ingredients in 2024 Next Wednesday, January 31 Check your email to register, or visit mckeany-flavell.com Host: Shawn Bingham, Director of Risk Management Expert: Kevin Combs, Vice President – Global Sweeteners Specialist