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.