I see it a bit different - I still expect it to climb higher - before going down.
Last day - we had a drastic increase in USD/BRL - which could influence sugar and give it sligth knock down today.
I am still expecting it to break through the tunnel and make a climb upwards - but it might go down before it will happen.
Finally - we got the breakout. A lot later than I expected - but now it is there.
Expect some corrections the next couple of days - before we will see it go even more bullish.
Chart to follow:
It will have some impact - but not in the long run.
I have been following all news and alert on slightest USD correction - but in the long run, it will still be the chart who win the trade ;)