In my October 16, 2025, Q3 Barchart wrap-up on the soft commodities sector, I wrote that “I remain bullish on sugar and cotton prices at the current price levels, but will leave plenty of room to add on further declines, as picking bottoms can be dangerous.” ICE world sugar futures #11 were 4% higher in Q3, but fell 16.41% over the first nine months of 2025, closing at 16.10 cents per pound on September 30, 2026. On October 15, they had already declined to the 15.60 cents level, on their way to just above 14 cents in early November.
