
World sugar futures on the Intercontinental Exchange moved 6.41% lower in 2024 and declined 2.08% in Q1 2025, closing at the 18.86 cents per pound level on March 31, 2025. In my Q1 Barchart report on the soft commodities, I concluded:
The only soft commodity with an ETF is world sugar. The Teucrium Sugar ETF (CANE) tracks the price action in three actively traded ICE world sugar futures contracts, excluding the nearby contract, to minimize roll risks. Since most volatility tends to occur in the nearby contract, CANE tends to underperform the nearby sugar futures contract, where the most speculative activity occurs on the upside and tends to outperform when the sugar price declines.