There was a story about sugar back in 74.
The price peaked and even cabbies were buying sugar futures and it turned.
The bag holders kept adding to their losing positions.
''IT just cant go any lower"... until it hit the point that the burlap bags alone were worth more than the sugar inside.
There were photos of shippers off loading sugar into the water in the new yok harbour
and keeping only the bag.
There a ton of people here that are bagholders.
I hope you enjoyed some history on "the bagholder".