March sugar (SBH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March sugar futures that prices have been trading sideways and choppy at lower levels for nearly the past two months. This is likely “basing” action that will kick off a price uptrend at some point soon. More News from Barchart Fundamentally, sugar prices are rising due to supply constraints, including droughts in India and Thailand, stronger global demand and global tariffs that are also cr ...

Group 1 - March sugar futures are showing a bullish trend, with prices trending higher and the MACD indicator in a bullish posture, indicating a near-term technical advantage for bulls [1][2] - Sugar prices have increased due to adverse weather conditions in major producing countries like India and Thailand, alongside stronger global demand and a shift towards ethanol production [2] - A breakout above the November high of 15.05 cents in March sugar futures would strengthen bullish momentum, with an upside target of 17.50 cents and technical support at the November low of 14.04 cents [3]

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].