COMMODITY
& DERIVATIVE
ADVISORS
| WASD - SugarJan 12, 2012 SUGAR: Projected U.S. sugar supply for fiscal year 2011/12 is decreased 578,000 tons, rawvalue, from last month, mainly due to lower imports from Mexico. Mexico’s sugar exports are reduced to reflect lower availability, as production is dropped based on lower-than-expected sugarcane yields and sugar recovery from harvested sugarcane for the season to date. Also, Mexico’s sugar imports are lowered to reflect the slow pace of entries under two previously announced tariff rate quotas (TRQ). Other reductions in U.S. supplies include a minor reduction in production (Texas) and TRQ imports from Dominican Republic. Sugar use in the United States is unchanged from last month. DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by Commodity & Derivative Adv. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Read Entire Disclaimer.
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