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

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Sugar Futures Lose Early Luster To Extend the Down Moves

Nov, 17th 12:50
sugar 2

Raw sugar futures pared earlier gains after falling sharply on Wednesday. The decline was partly due to the fact that funds pulled back long positions as the market had to digest a large delivery against the whiles contract. Meanwhile, market sources reported that output from Centre-South Brazil was higher than expected.

Industry group Unica on Wednesday said that sugar production in the Centre-South of Brazil was 2.05 million tons in the second half of October. The figure is near the top of a range of forecasts of around 1.9 million to 2.08 million.

Also adding to the bearish mood, exchange data showed an amount of 535,850 tons of sugar delivered after the expiry of the ICE December contract. That is the largest delivery in more than nine years.

Trade suggestion

Buy Digital Put Option from 20.30 to 20.00 valid until 20:00 GMT November 17, 2016

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