In my Barchart January recap of the soft commodities sector in Q4 and where they are heading in 2024, I concluded, “Brazilian weather pushed Arabica coffee and orange prices through the roof, but it has not done the same for world sugar. Brazil is the leading producer and exporter of sugarcane. Time will tell if sugar futures join coffee, cocoa, and FCOJ on the upside in 2025.”
March world sugar futures were at the 18.96 cents per pound level on January 13 and were higher in February, above 19.40 cents per pound.
