Commodities

Ellen Kelleher Don’t chase that sugar rush

August 17, 2009 2:31 pm by Ellen Kelleher

Sometimes, the exaggerated language in the press releases we receive here is cause for laughter. 

Consider the following comments about the fluctuations in the sugar price issued late last week by traders at Newedge, a commodities broker in Chicago:

 ”ICE Raw Sugar is standing on the edge of a cliff. After an inside day yesterday, today’s price action is alarming for the bulls. As long as October 09 (SBAV9) remains under 22.44, it is at high risk of a free fall. Strong caution is warranted.
 
“Like a pendulum that has been pulled too far up in one direction, we expect violent oscillations, of declining amplitude, as volatility subsides.”

Continue reading: “Don’t chase that sugar rush”

Posted in Commodities, Investments, Personal finance |


The FT’s Money blog is a forum for the latest news and insights from the UK’s personal finance scene. Matthew Vincent, the editor of FT Money and his team of reporters will upload their views and insights on what’s happening in the industry and how this affects people’s finances.

This blog is no longer active but it remains open as an archive.

Sign up for our daily email
Follow on twitter

About our bloggers

Lucy Warwick-Ching is the FT’s new Money Online Editor and has been a UK Companies reporter covering tobacco, pubs and leisure companies as well as the deputy editor on House and Home.

Matthew Vincent is the FT’s Personal Finance Editor and was previously the editor of Investors Chronicle, where he also devised the award-winning online video The Market Programme, and produced the BBC-FT standalone magazine ‘How to be Better Off’. He presents the weekly FT Money Show audio podcast, and previously worked on the BBC TV programmes Short Change and Pound for Pound.

Alice Ross is deputy personal finance editor of FT Money. She specialises in pensions, investments and investment trusts. Alice joined FT Money in April 2008 - prior to that she was deputy editor at Money Management magazine.

Ellen Kelleher has been a personal finance reporter in the UK for close to four years. Before arriving in London, she worked in the FT's New York bureau where she covered the insurance sector.

Steve Lodge is a personal finance reporter on FT Money specialising in savings.


Josephine Cumbo has written about all aspects of personal finance but currently specialises in insurance. She also covered company news for FT.com. Prior to working at the FT she was a news reporter for the ABC.

Tanya Powley is a personal finance reporter on FT Money specialising in mortgages and the housing market. Tanya joined FT Money in November 2009 after working in Australia covering personal finance for the Australian Financial Review and its sister magazine Asset. Prior to that, Tanya wrote about mortgages for UK trade newspaper Money Marketing.

Jonathan Eley is editor of Investors Chronicle, and has been with the title for ten years. Before that he worked for newswires and trade journals in London, New York and Hong Kong.

Money Matters: a guide

Comment: To comment, please register with FT.com, which you can do for free here. Please also read our comments policy here.
Contact: You can write to the Money Matters team using this email format: firstname.surname@ft.com
Time: UK time is shown on posts.
Follow: Links to the blog's Twitter and RSS feeds are at the top of the page.
FT blogs: See the full range of the FT's blogs here.