Teucrium Sugar Fund ETF (CANE) Consolidates as Global Outlook Diverges
The Teucrium Sugar Fund ETF (CANE) is facing consolidation as it inches slightly lower on declining volume, continuing its downtrend that began on Feb. 12. This comes as mixed signals emerge from the global sugar market, with Brazil’s sugar production on track while India’s production remains stagnant, potentially leading to a global supply glut, according to trader and supply chain services company Czarnikow.
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