After searching i can't believe there's no thread on this one.

Anyhow what about a bounce for tomorrow after some sort of analysts meeting?

Regards

Stan.

Sugar staged the biggest one-day rally in more than a year Thursday as funds rushed to cover their bearish bets in the wake of stronger-than-expected U.S. economic growth numbers.

On the ICE Futures U.S. exchange, raw sugar futures for October delivery rallied 5% to 11.06 cents a pound. Sugar prices have recovered 6.4% since Aug. 24 when they tumbled to the lowest level in seven years.

"To me, it's just short covering," said Nick Gentile, managing partner at NickJen Capital Management, a commodity risk management firm. "There's no fundamental news out today (on sugar)."

Soft commodities were hammered in recent days amid a sharp selloff sweeping global financial markets, as traders were assessing the prospect of a slower Chinese economy and the ensuing disinflationary impact on the global growth.

Some participants in the commodity markets, especially those long-only funds, have liquidated their positions fearing slower demand for commodities could hurt prices even further.


I post this as it demonstrates the ebb and flow and change in perception of the bulls and bears on commodities in general. I am concerned that everywhere you look on commodities many who were long capitulated on the china new forcing the price down whilst the computerised black boxes kept selling on the downtrend.

Some of the charts now look like the downtrend has been breached and now the black boxes have to close and find buyers to close against

StockMarketWire.com
Tate & Lyle said, encouraged by its Q3 performance, it now expects the group's FY performance in constant currency to be modestly ahead of its expectations given at the time of its interims.

"The group continued to perform strongly in the third quarter with profit in constant currency ahead of the comparative period in both divisions," said Tate & Lyle in a statement.

"Speciality Food Ingredients performed in line with expectations while in Bulk Ingredients profit was ahead of our expectations," it added.

In Speciality Food Ingredients, excluding Food Systems and SPLENDA Sucralose, profit was ahead of the comparative period benefiting from good commercial execution and strong manufacturing performance.

"Underlying volume was broadly in line with the comparative period. As in the first half, demand in North America continued to be soft with volume lower, whilst in Europe, Middle East and Africa underlying volume growth was robust."

Strong volume growth in Latin America largely offset weaker demand in Asia Pacific.

Food Systems profit continued to be held back by lower volume and SPLENDA Sucralose profit was ahead of the comparative period benefiting from the consolidation of production to a single facility.

In Bulk Ingredients, North American sweetener volume remained robust. The calendar 2017 bulk sweetener pricing round is now substantially complete and is expected to deliver modest margin gains in the fourth quarter.

"Commodities performance was satisfactory and somewhat ahead of our expectations," said Tate & Lyle.

StockMarketWire.com
Tate & Lyle grew its adjusted pre-tax profit by 13% at constant currency to £161 million in the six months to 30 September.

Sales grew by 6% to £1.4 billion on a statutory basis but were flat at constant currency.

The Speciality Foods division grew its operating profit by 4% at constant currency to £104 million, with volumes up 3%.

North America returning to modest growth, which the company said was driven by its approach of focusing on higher growth sub-categories and customer channels, while continuing to provide high-quality service to larger customers.

Bulk Ingredients operating profit rose by 36% at constant currency to £93 million, with volumes up 2% driven by North American sweetener growth and reflecting good contract compliance.

Sales at constant currency were down 2% in Speciality Foods and flat in Bulk Ingredients.

Net debt at £371m was £81m lower than at 31 March 2017, with strong cash flow generation and the beneficial impact of foreign exchange translation of US dollar debt, partially offset by the final 2017 dividend payment of £92m.

The company has lifted its interim dividend from 8.2p to 8.4p per share.

Javed Ahmed, chief executive, said: "Speciality Food Ingredients delivered broad-based volume growth in the core business, including North America despite market conditions in that region remaining challenging. New Products once again delivered double digit sales growth as customers continue to seek innovative solutions to reduce sugar, calories and fat in food and drink.

"Bulk Ingredients had another period of excellent performance, well ahead of a strong comparative period, with improved overall earnings resulting from disciplined commercial execution and margin expansion.

"Turning to the outlook, we expect underlying adjusted profit before tax in constant currency for the full year to be modestly higher than we anticipated coming into the year driven by the strong first half performance"

Just a spoonful of Sugar.

Unloved but I like them.

Good market reaction to today's results.