Adam Sarhan Dow Jones Newswires Quote: MARKET TALK: Raw Sugar Remains Near Key Level of 20c/Lb.
Mon 17 September 2012, 14:45 EDT – Raw-sugar futures edged higher after playing both sides of unchanged in intraday trade as the market struggles with conflicting fundamentals and technical signals. “Sugar is at a critical inflexion point,” says Sarhan Capital’s Adam Sarhan. A global glut of the sweetener is pressuring prices, but concerns over output in second-largest producer India are supportive. “We do not have any desire to participate in this market until a clear trend emerges,” Sarhan says. ICE sugar for October delivery settled 0.6% higher at 20.03c/lb. (email@example.com) [ 09-17-12 1446ET ]