|
|
Sugar, Stevia etc.
Sugar, Stevia etc.
by millionairemind » Mon Aug 10, 2009 8:24 pm
Sugar price reaches 28-year high
The price of raw sugar has increased to its highest level since March 1981, as supply concerns grow.
Raw sugar futures added 3% on Monday, to 21.55 cents a pound.
"The main problem is a deficit in sugar supplies," said Nick Penney, a trader with Sucden, a firm that focuses on sugar trading.
Growing demand in Brazil for sugar to be turned into ethanol, coupled with a sharp fall in Indian production, have both prompted worries, he explained.
Sugar production in India for 2008-09 fell 45% year-on-year, according to a report by Sucden.
And a "drastic fall" is expected for the coming Indian crop, it said.
India had less rain in the monsoon season and it was also uneven, damaging a number of agricultural crops.
There are concerns that the pending sugar crop, which will be ready around November, will be inadequate.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
-
millionairemind - Big Boss
- Posts: 7776
- Joined: Wed May 07, 2008 8:50 am
- Location: The Matrix
Re: Sugar
by kennynah » Mon Aug 10, 2009 8:25 pm
that's it... now i shall only have kopi-o-kosong...
Options Strategies & Discussions 
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
kennynah - Lord of the Lew Lian
- Posts: 14201
- Joined: Wed May 07, 2008 2:00 am
- Location: everywhere.. and nowhere..
Re: Sugar
by winston » Mon Aug 10, 2009 9:08 pm
I still see packets of sugar on the table at the restaurants...
( In Hot Commodities, Jim Rogers did say that when you see people taking home packets of sugar from the restaurants, you will know that sugar is indeed at a euphoric stage )
( In Hot Commodities, Jim Rogers did say that when you see people taking home packets of sugar from the restaurants, you will know that sugar is indeed at a euphoric stage )
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 112616
- Joined: Wed May 07, 2008 9:28 am
Re: Sugar
by b0rderc0llie » Tue Aug 18, 2009 4:19 pm
Did my first trade on sugar today, shorting 1 contract of SBH10.
-
b0rderc0llie - Foreman
- Posts: 375
- Joined: Thu May 08, 2008 12:02 pm
Re: Sugar
by millionairemind » Tue Aug 18, 2009 4:23 pm
b0rderc0llie wrote:Did my first trade on sugar today, shorting 1 contract of SBH10.
You SUPER POWER, BC bro!!!
If you HUAT HUAT.. do remember to let us know
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
-
millionairemind - Big Boss
- Posts: 7776
- Joined: Wed May 07, 2008 8:50 am
- Location: The Matrix
Re: Sugar
by b0rderc0llie » Tue Aug 18, 2009 4:38 pm
Hehe, dun think will be so fast... will have to suffer the uptrend and the bubble first, while waiting for the prices to normalise, if they do normalise in the future.
-
b0rderc0llie - Foreman
- Posts: 375
- Joined: Thu May 08, 2008 12:02 pm
Re: Sugar
by kennynah » Tue Aug 18, 2009 10:55 pm
BC :
good luck... am lazy to check the details, as i have never traded sugar before..
what's the margin requirement and the delta ?
by the way, your SB10 is feb10 contract?
thanks..
good luck... am lazy to check the details, as i have never traded sugar before..
what's the margin requirement and the delta ?
by the way, your SB10 is feb10 contract?
thanks..
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
kennynah - Lord of the Lew Lian
- Posts: 14201
- Joined: Wed May 07, 2008 2:00 am
- Location: everywhere.. and nowhere..
Re: Sugar
by b0rderc0llie » Tue Aug 18, 2009 11:31 pm
SBH10 is Sugar March 2010.
Initial Margin is $2,352.00, maintenance margin $1,680.00
1 contract size is 112,000 lbs. $1 movement in sugar will mean a $1120 movement in each contract.
Initial Margin is $2,352.00, maintenance margin $1,680.00
1 contract size is 112,000 lbs. $1 movement in sugar will mean a $1120 movement in each contract.
-
b0rderc0llie - Foreman
- Posts: 375
- Joined: Thu May 08, 2008 12:02 pm
Re: Sugar
by kennynah » Tue Aug 18, 2009 11:32 pm
pretty heavy delta....all the best to you...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
kennynah - Lord of the Lew Lian
- Posts: 14201
- Joined: Wed May 07, 2008 2:00 am
- Location: everywhere.. and nowhere..
Re: Sugar
by kennynah » Mon Aug 24, 2009 3:10 pm
b0rderc0llie wrote:Did my first trade on sugar today, shorting 1 contract of SBH10.
hey hey... your short is looking mighty good.... the chart pattern seems to point to a further downside...
by the way, it does appear that our brokerages have set different initial margin requirements.. it seems mine requires less than usd2K per contract....
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
kennynah - Lord of the Lew Lian
- Posts: 14201
- Joined: Wed May 07, 2008 2:00 am
- Location: everywhere.. and nowhere..
Who is online
Users browsing this forum: No registered users and 4 guests