The market is experiencing bullish trends, but it is important to consider that any shift in participant expectations could affect market sentiment when everyone is optimistic.
Additionally, the market has already accounted for reduced production from India and Thailand, a slower start to the Brazilian crop, and potential export delays.
In a paradoxical move, the sugar market is moving in the opposite direction of energy, having declined due to production and expectations above the CS Brazil crop but rising again without any apparent justification except for increasing demand from China. Analysts are therefore challenged to explain this trend.
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