From the Desk of Ian Culley @IanCulley
The New York Mercantile Exchange soft commodity contracts have been ripping.
Orange juice futures recently broke out of a decade-long base, coffee is up almost 20% in a month, and cocoa hit fresh 52-week highs yesterday.
Yet, of all the softs, I like sugar the most.
In fact, sugar held the No. 1 spot as my favorite chart heading into 2023. And it broke out last month!
I missed that move — not for lack of initiative, more like access issues.
If you missed it, too, have no fear: Sugar is offering us another opportunity to get long.…