Sugar Prices Poised for ‘Explosive’ Move

Sugar traders should watch out for an “explosive” price change in the next two weeks, according to a technical analysis by LaSalle Futures Group in Chicago.

The price, reports Bloomberg, may jump as much as 19 percent to 27 cents by Nov. 30, if the most-active contract closes above 24 cents for two straight sessions, said George Kopp, a LaSalle market analyst. There is an equal chance of a 12 percent fall to 20 cents, the lowest since Aug. 7, he said.

Read the full Bloomberg story.