I asked if higher oil prices sent world sugar futures higher in an April 9, 2026, Barchart article, where I concluded with the following:
Due to their connection to ethanol, world sugar futures and the CANE ETF should continue to track volatile oil prices over the coming days and weeks. However, commodity cyclicality suggested that prices had declined to a level where production was no longer economically viable, inventories began to decline, and consumption increased, leading to a price bottom at 13.34 cents per pound. I remain bullish on the prospects for world sugar futures in early April, but would only add to long positions on price weakness.
