There Is Nothing Sweet About Sugar Here as Prices Trend Lower

Core Viewpoint - March sugar futures are currently presenting a selling opportunity due to ongoing price weakness and a bearish technical outlook [1][2]. Group 1: Market Trends - Sugar futures prices are trending down, influenced by an anticipated increase in global supplies, particularly from major producers such as Brazil, India, and Thailand, which are expected to have record production for the 2025-26 season [2]. - The increase in sugar production is projected to create a global surplus, exerting further pressure on sugar prices [2]. Group 2: Technical Analysis - A significant move in March sugar futures below the strong chart support level at 15.76 cents would signal a selling opportunity, with a downside price objective set at 13.25 cents or lower [3]. - Technical resistance is identified at 16.86 cents, where a protective buy stop should be placed just above this level [3].