Sugar is food, but in Brazil, the sweet commodity is the primary ingredient in biofuel. While U.S. ethanol production requires corn, sugarcane is the ingredient in Brazil. Sugar is a soft commodity that...
World Sugar futures on the Intercontinental Exchange reflect the free-market price of the sweet commodity many countries subsidize. Sugar traded to the highest price since 2011 in April, with the futures...
The soft commodities sector includes sugar, coffee, cocoa, cotton, and frozen concentrated orange juice. The agricultural products can be highly volatile, but frozen concentrated orange juice futures tend...
World free-market sugar’s price continues to edge slowly higher in a bullish trend that began in April 2020, the last time the price traded below 10 cents per pound. Nearby sugar futures sat at over...
Frozen concentrated orange juice futures trade in the soft commodities sector alongside sugar, Arabica coffee beans, cocoa, and cotton futures. While the Ivory Coast and Ghana are the primary cocoa producers...
Raw Sugar (SBH23) edged higher yesterday, gaining for the 9th straight day and closing above the 61.8% Fib retrace of the April to September slide. SB is now comfortably above the October high, downchannel...
Raw Sugar (SB) formed a second straight daily Hammer yesterday, and appears poised to test downchannel resistance (on the weekly chart) by next week sometime. Yesterday’s close just shy of the 38.2%...
Raw Sugar (SB) gained almost 3% yesterday, adding to Tuesday’s bounce off just above the 2022 low and closing near the August high. Any weekly close above downtrend/descending wedge resistance (on...
Sugar can be a highly volatile commodity member of the soft commodities sector. Sugar futures rallied from just over nine cents per pound in early 2020 to a high of 20.69 cents in November 2021. The trend...
Raw Sugar (SBV22) has spent most of this week consolidating last week’s strong bounce as seen by the near complete weekly Doji. Odds appear decent for an extension of last week’s gains sometime next...