• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Improving Weather Condition in Brazil Weighs on Sugar Prices

    • Home
    • Trade Ideas
    • Improving Weather Condition in Brazil Weighs on Sugar Prices
Feb, 28th 03:32

Sugar futures prices tumbled on Monday, stretching its downward rally to a fourth-consecutive trading day amidst improving outlook for production in Centre-South Brazil.

May raw sugar futures dropped more than 0.5% to trade at 19.29 cents a lb on Monday, falling to the lowest level since December 29, 2016.

According to a report published on Monday by Tropical Research Services, the weather in Centre-South Brazil had been favorable since December. As a result, TRS upgraded its forecast for the area’s production to 35.7 million tonnes from a previous projection of 35.5 million for 2017/18 crop. As stated by analysts, this level of output “would be enough to keep the market well-supplied”.

Trade suggestion

Buy Digital Put Option from 19.20 to 18.90 valid until 21:00 GMT February 28, 2017

Start Trading Binary Options on Indices, Commodities And Hundreds of Other Markets With Option Banque Now!

Option Banque has proven A+ Rating and Reviews on forex forums