There’s Nothing Sweet About This Sugar: How Much Lower Will Prices Go?

May sugar futures (SBK26) present a selling opportunity on more price weakness. See on the daily bar chart for May sugar futures that prices are trending lower and have just hit a contract low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish mode, as the blue MACD line is below the red trigger line and both lines are trending down. More News from Barchart Fundamentally, global sugar prices have been declining due to expectations of a ...