REPORTS

Barchart - Sugar prices settled higher on Monday as the dollar index ($DXY) fell to a 1-week low, prompting short covering in sugar futures.  

An excessively short position in sugar futures by funds could add fuel to a short-covering rally. Last Friday's weekly Commitment of Traders (COT) report showed funds boosted their short positions in NY world sugar futures and options by 57,104 in the week ended February 3 to a record 239,232 net short positions (data from 2006).