Hey, here are two issues that could affect the price of sugar. What do YOU think????? http://www.thehill.com/thehill/export/TheHill/Business/021307_sugar.html and... http://www.thehill.com/thehill/export/TheHill/Business/021307_sugarforeign.html Comments please? (I don't want to lose my teensy nest egg on my first pit-traded futures contract.) ... yes, i'm a virgin...
Which sugar are you going to trade, Sugar #11 or #14? "SB" is generally Sugar #11 which is sugar for delivery anywhere but the US. As a result, US lobbying efforts should make little difference to #11.
Then I'd suggest you look for other evidence to support your trade. The articles you posted won't make much difference to the price of Sugar #11. You might want to subscribe to sugaronline.com--they've got lots of fundamental info.