Sugar bouncing on the strong resistance level, pretty much oversold.
Also, Brazil as the second major sugar exporter is beginning only now to suffer the real covid-19 pandemic, although Europe and USA are starting to open economies Brazil is shutting down yet.
The winter time is starting there now, creating a disconection between the center and the outside of the country.
Also, Brazil as the second major sugar exporter is beginning only now to suffer the real covid-19 pandemic, although Europe and USA are starting to open economies Brazil is shutting down yet.
The winter time is starting there now, creating a disconection between the center and the outside of the country.
Many countries will have high demand for the next months.