Brazil Drought Sweetens Sugar ETNs
February 06, 2014 at 14:22 PM EST
A prolonged drought in Brazil is decimating crops, with sugar exchange traded funds testing their short-term trends as sugar futures post their best rally in almost five months. The iPath Dow Jones-AIG Sugar Total Return Sub-Index ETN (NYSEArca: SGG) gained 9.2% over the past week while iPath Pure...