UPDATE: Sugar profits; set protections for cotton, corn and wheat
Two sugar trades
- Long on March 23 at 16.54 US cents/lb (see Sweet sugar could extend its rally). The current price is 19.00 US cents/lb and all targets have been met, so we book profits of +14.87%, which is 92.95% annualised.
- Long on April 27 at 16.09 US cents/lb (see Supply fears helping sugar). As noted, the current price is 19.00 US cents/lb and all targets have been met so we can book profits of +16.09%, or 339.27% annualised.
Cotton trade view
We now turn to the cotton Long on May 27 at 64.50 US cents/lb (see A glimmer of optimism for cotton).
The current price is 65.85 US cents/lb. The first target has been met, so we now need to set protection at 65.00 cents/lb.
Corn targets met
Turning once again to edible commodities: see our Corn long, June 2 at 413.50 US cents/bushel (the original trade view can be viewed here: Traders get ready for 'king corn)
Targets achieved for wheat
Analysis of this year's trades
— Edited by Robert Ryan
Non-independent investment research disclaimer applies. Read more