From Investing.com.:

Sugar prices are surging due to El Nino weather patterns causing issues in Brazil, Thailand, and India, impacting crop production worldwide. These factors point to potential inflation, making sugar a key indicator to watch. A move over 22.50 cents could signal a double bottom on the futures chart, clearing a key moving average. With other commodities rallying and Powell hinting at maintaining rates, sugar could be the key to monitoring inflation. On the ETF side, S&P 500, Russell 2000, and Dow are at pivotal levels, while other sectors like transportation and biotechnology show positive trends.



Read more at Investing.com.: Sugar Stages Rally: Could it Signal Renewed Inflation Despite Dovish Fed?