Looking For Action? Become A Sugar Futures Trader (SGG)

The sugar market has been absolutely wild for a very long time now. Sugar is sitting at all-time highs and the trajectory of the move has been insane. Being long sugar futures with size during the second half of 2010 and into 2011 could have funded a very nice retirement. No joke. Just to make things interesting, however, the sugar market has a tendency to completely collapse in the blink of an eye and then resume its march into the stratosphere. This has happened a number of times and it is always great entertainment. Today is one of those days that can make your stomach turn real fast. Sugar #11 is currently down over 8% and it looks like things could potentially get worse in the coming days; or sugar may just digest the sell off and then begin skyrocketing on a daily basis again, per its usual pattern. If you aren't a futures trader, the way to take part in the madness that is the sugar market is the iPath Dow Jones-UBS Sugar Subindex Total Return ETN

. Long name, lots of fun (and despair). The SGG has fallen over 8% today to $94.07 and has traded around 6 times its average volume. Six-month return? 90%. Much of the move is likely over, but traders still may be able to make some money playing the gyrations in the sugar market. Given the historic moves that we have seen in the commodities space, more excitement is likely in the cards.