Sugar advanced today to the highest level in 29 years on forecast that global supplies will trail demand. World sugar consumption will exceed production by almost 3 million metric tons in the year ending September 30th. March delivery for raw sugar advanced $0.0046 (1.4 percent) to $0.3296 per pound as of 14:00 on ICE.
Crude oil gained today on signs that US economy recovers, increasing demand in the biggest
Cotton was also bolstered by an anticipation of increasing demand in the US. The Thomson Reuters/Jefferies CRB Index of 19 raw materials jumped to the highest level in more than two years. March futures for cotton delivery rose $0.04 (2.7 percent to the record $1.5412 per pound by 14:43 on ICE.
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