News

October 31, 2008

Weather Could Limit Indian Cane Crop And Affect Sugar Prices

By Michael Ferrari of Weather Trends International

Weather Trends International is the world leader in developing and applying highly accurate year-ahead business weather forecasts for 129 countries across the globe. The long range forecasts have a proven track record of reliability with the worlds most successful and admired companies like Wal-Mart, ASDA, Target, Johnson & Johnson, Anheuser-Busch, Sherwin Williams, Agway, Bloomberg, Citigroup and 100 others. Weather Trends International offers a complete suite of products and services including short range and year-ahead global forecasts and analytical assessments for grains, sugar, energy and other weather driven commodity markets across the globe.

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With world sugar (ICE) futures trading below 11 cents, the market is vulnerable to sharp moves in either direction. While the current trend is for the technical indicators to place more downside pressure on futures, we continue to watch the dollar and other fundamentals for signs of a reversal as March 09 is the next contract, providing a significant time frame for speculation to start to creep into the...