IKN

a plague o both your houses

Chart of the day is…………

………sugar, March futures, two year chart.

This because a couple of regulars are intruiged that I’ve placed a trade in CZZ above the more normal mining fodder on this blog. Well, it’s true there’s a real bias towards miners here (it’s the sexiest industry in LatAm for potential investment, so it gets a lot of my time) but every now and again Otto tries to pretend he’s not a one trick pony.

The chart is self explanatory. It goes up, it goes down. One thing CZZ does is times its sales to this chart and last quarter it reported (as usual) that it was storing sugar for future sales.

Looking at this chart, they’d be pretty silly if they didn’t. DYODD.

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