Overall we are in the lowest percentile.
Now 12.50. The Range in the last 50 years has been between 1.3 usd and 66 usd.
adjusted the lowest point would not have been in the 60's but rather the at the 1999 low of 4.39.
From here, every dollar has huge % percentage impact.
Sugar would find a rock bottom support around 50% lower in the 6.00/4.00 area.
This rock bottom support may not be reached and even so, I forecast rebound would occur 20% lower and 30% lower than where it trades now.
IF YOU HAVE FUNDAMENTAL INFORMATION (SUPPLY/DEMAND/WEATHER/ PRODUCTION COUNTRY) - Please share.