Take physic, pomp

Chart of the day is…….

…sugar, daily candle.

Ok, so I missed when calling the top last time (that first $23 candle there) and it moved on up to nearly $25, but the last few days have seen the snap. There’s a moment speculation gives way to reality, even in the commods pits. Sugar supply may be tight but it can’t command $20+ prices for very long. The world isn’t made that way and sugarcane grows too quickly.

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