bestpokerbooks| Zheng Tang: The rebound of U.S. sugar and the impact of Brazil's drought, spot pressure is light, and prices may continue to rebound in the short term

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] overnight American sugar reboundedBestpokerbooksThe price of domestic Zheng sugar may continue to rise] May 8BestpokerbooksSugar prices rebounded in the international market after a sharp drop in sugar prices narrowed the ratio of sugar to alcohol in Brazil, releasing some bearish pressure. In addition, south-central Brazil experienced a drought in the first quarter, which had an impact on sugarcane growth, and the market focused on changes in yield data.

[domestic sugar sales data is good, inventory remains low] in the domestic market, monthly sugar sales in Guangxi increased by 29% in April compared with the same period last year.Bestpokerbooks.410000 tons, and the cumulative production and sales rate increased by 0% compared with the same period last year.Bestpokerbooks.6 percentage points, although inventories rose slightly from a year earlier, the total is still on the low side.

[short-term sugar factory spot pressure is small, spot price expectations are strong] in the short term, due to the impact of low inventory, sugar factory spot pressure is less, spot prices are expected to remain strong, to provide support for the market, Zheng sugar prices are expected to continue to rebound.

[medium-and long-term long-term high yield expectations are strong, focus on short selling opportunities] from a medium-to long-term point of view, long-term high yield expectations are strong, investors can pay attention to the opportunity to sell short.