For whatever reason, I have an urge to buy the crap out of SGG right now. I do not know why. (Maybe its because my last name is tied into the commodity. I like to think my great great grand-father was a peasant sugar farmer, and was given the last name :)
But seriously, discipline prevents me. There is simply not as much information around Sugar then there is Crude or Nat. Gas, for investors outside of larger commodity desks to get a very clear assessment.
From what I gather, sugar will still see a deficit, which should provide a floor. If I were on a big-boy trading desk, I have probably purchased the factory input information from the sugar-cane processing plant to assess the increase of supply. But all I have at the moment are my charts and the Internet.
I still own SGG, and I do not plan on selling it just yet. However, there is no dressing up this pig. The only positive aspect of Sugar right now is the severity of its oversold condition.