Brazil is the world’s leading free-market sugarcane-producing country. While the United States, the world’s leading corn-producing country, processes corn into ethanol, Brazilian ethanol is made from sugarcane. The war in the Middle East and explosive price action in crude oil and oil products ignited a bullish fuse in the world sugar futures market.
I asked if sugar’s bearish trend will end in 2026 in a January 23, 2026, Barchart article, where I concluded with the following:
