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NFTRH 809 had some words on the Agricultural sector last weekend. Included was this bit on sugar’s seasonal average:

Seasonals, not always reliable have been even less so for certain commodities, probably in the wake of the Russia/Ukraine war and the disturbances it and other geopolitics have put on several commodities. That said, I took a position in Sugar fund CANE due to the seasonal and a benevolent structure by Commercial Hedgers.

Here is a chart of Sugar, declining into the seasonal low and deep into a support cluster from 2021-2022.

Here is the graph of the seasonal average. Sugar is on schedule to this graph, at least.

Finally, hedgers (CoT) are in a contrary constructive stance reducing net short positions toward zero.

The two things Sugar has going for it are the seasonal and the CoT. It was worth a try for me considering these risk mitigating factors. I will live on Sugar Mountain * if right but will not die on it if wrong.

* Bonus points if you get the reference.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.