Brazil sugar exporters benefit from Coca-Cola switch.
If Coca-Cola were to switch from fructose to real sugar, Brazil would be the best source to fill the increased sugar demand due to its proximity and capacity, making Brazilian sugar exporters appear undervalued.
A steep contango in oil prices has historically been a reliable indicator of a bottom in cash crude oil prices because producers leave oil in the ground and sell futures, creating scarcity in the present market.