August 18th, 2009
To Kevin Kerr:
From Analyst Tony Haske – Amerifutures
Subject: sugar: extremely bullish
Fundamentally: Sugar remains bullish…India has been too dry, Brazil is too wet, Chinese demand is soaring while India has become a net importer rather than a net exporter…Technically the MACD shows a strong upward trend in place…our prediction Sugar will consolidate for a bit around 21 and then make a run for 40 or higher …farmers will respond at some point but will not affect market until 2011
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