If you haven’t noticed the Wall Street Weather blog in my blogroll, you owe it to yourself to take a look. This is an excellent site for anyone interested in the astrology of politics and economics. Today she writes on sugar futures:
Raw sugar prices have climbed to a three year high as bad weather threatens crop
yields in Brazil and India, the world’s largest sugar producers.
In “Sugar
prices head towards the sky,” the Financial Times reports that
traders are betting that “the physical market will be at its tightest
between November and April. They forecast that the price peaks will be seen in
the ICE
March 2010 raw sugar contract.”
What’s interesting is
that the planetary picture correlates to traders’ bullish sentiment.
Sugar is ruled by Venus, the planetary ruler of Taurus and Libra. From
October 29, 2009 to April 8, 2010,* Saturn will be in Venus-ruled Libra. Saturn
represents limitations and constraints, increasing the potential for “a
global deficit of historic proportions” forecast by Barclays Capital soft
commodities analyst Nicholas Snowdon.
Saturn creates harsh weather
conditions. Since September 2007, Saturn
has been in Virgo, an earth sign ruling the harvest. With Saturn opposing
Uranus, the planetary energy of extreme conditions from autumn 2008 through
mid-2010, weather conditions have either been too wet or too dry in many key
crop growing regions. With Uranus
in water sign Pisces, the sugar crop is suffering from too much wet weather
in Brazil versus a lack of monsoon rains in India’s key sugarcane growing
region.
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