The sugar market has well and truly taken the bull by the horns. An expanding speculative net long position in Sugar No. 11 futures over the past 10 months has placed the role of the so-called "funds" under the spotlight.
David Elward looks behind speculators' decision to target sugar, with key performance indicators showing that it has offered significantly higher returns than other commodities, outperforming soybeans, crude oil, as well as traditional safe havens such as gold and silver.