Poor Brazilian Weather Makes Sugar ETN Look Sweet
July 29, 2013 at 16:15 PM EDT
A sugar exchange traded note jumped over its short-term trend line Monday, with sugar prices hitting a four-week high as traders take bearish bets on poor weather conditions in Brazil, a leading producer of sugarcane. The iPath Dow Jones-AIG Sugar Total Return Sub-Index ETN (NYSEArca: SGG) rose...