I asked if world sugar futures establish a bottom in a February 7, 2025, Barchart article. I concluded:
If sugar follows cocoa, coffee, and FCOJ in the soft commodities sector, the recent price action could be a consolidation period that leads to higher prices and a challenge of the 2023 peak at over 28 cents per pound. Brazil’s weather and sugarcane output are the most significant factors in the path of least resistance of the most liquid soft commodity. Time will tell if the sugar futures market holds the 17.52 support level, but the recent price action suggests it is a significant bottom for the sweet commodity.
