Sugar traders and analysts are the most bearish in almost three months on mounting speculation that supply will outpace demand for the first time in four years, creating a glut that may persist through 2013.
Goldman Sachs Group Inc. appointed Greg Agran and Magid Shenouda as co-heads of commodities trading, according to a company memo obtained by Bloomberg News.
Gold rose the most in more than a week as a drop in the dollar and renewed optimism that Europe will act to tame the debt crisis boosted investor demand.
Crude oil rose for the first time in three days on hopes that European leaders will reach a deal to contain the region’s debt crisis.
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