IKN

a plague o both your houses

Chart of the day is……

….sugar, March ’09 futures.

Again inspired by one of my late night chats with Trend&Value Lucas. That chart looked pretty scrumptious to my amateur eye and it got Lucas drooling too (and he’s forgotten more than I know about charting). Add to all this the low forecast for the India sugar harvest and the stories about the subcontinent eyeing up Brazil as a sweet source.

Keep in mind I own the big Brazilian sugar play, Cosan (CZZ). So accuse me of cheerleading if you like. I don’t care. I’m on a winner here.

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