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Macro Economist
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I have nearly a 15 year career on the buy-side, with over a decade in New York, having served in various capacities at blue chip firms as Analyst, Portfolio Manager and Asset Allocation Strategist, at one time directly overseeing several billion dollars in hedge fund assets for institutional... More
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  • Is Sugar Bottoming? 0 comments
    Oct 4, 2012 8:48 PM | about stocks: SGG, CANE, SGAR

    Sugar is bouncing off deeply oversold levels versus the commodities complex.

    (click to enlarge)

    No doubt, the fundamentals for this trade aren't great. Sugar has been in surplus since it's spectacular run in 2009.

    But we think at these prices, sugar could be seen as potential energy reflation play as Brazil attempts to limit petrol imports. All bets are off.

    Petrobras backs more ethanol in gasoline to cut imports

    Disclosure: I am long CANE.

    Stocks: SGG, CANE, SGAR
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