Sugar has done a decent job at suggesting the future direction of interest rates over the past couple of years. On 5/31 Sugar was suggesting that rates should be moving higher. (see post here)
In the chart below, Sugar has pushed a good deal above resistance, gaining over 20% in the past 30 days!
CLICK ON CHART TO ENLARGE
If sugar remains the quality indicator it has been over the past couple of years, it continues to suggest higher rates are in store!