Sugar 11

"I think cotton has better prospects sugar for the next 5 months"

why?

imvho it's best to specialise.

 

Hmm
Currently short 20 tons as a test, we'll see... I feel a downward bias for now, though it might turn up later.

 

Breaks below consolidation area, further downside seen.
EDIT:Commodities weakening.

 

Covered in the far east.

 

versus Tokyo sugar? cool

 

Nah, Zhengzhou sugar. Short again, was an intraday trade .

 

oversold?

will it start up again any time soon?

So many questions ...

 

From the chart, it doesn't look like it hit rock-bottom yet...

 

Long March Sugar here 1195

 

Can anybode explain, why options on January08 contract are so cheap ? Straddle is just about 2 (0.99+0.96) without slippage for options that will expire in nearly 11 months (14dec07).
This is contract on new harvest and in 2006 movements were quite broad (from 18 to 11). I do not understand something ?

Thanks in advance.