In Q2 2025, sugar and cotton futures showed downward pressure, with sugar futures down 17.92% in the second quarter and 19.73% for the first half of the year, settling at 15.48 cents per pound by June 30, 2025. However, sugar prices have potential for recovery due to cyclicality and low historical prices.

World sugar #11 futures are in a bearish trend since early 2025, with a pattern of lower highs and lower lows evident in the year-to-date daily chart, from a high of 20.19 cents per pound to a low of 15.44 cents per pound by July 2, 2025.

Brazil leads global sugarcane production, while Russia leads sugar beet output. Many countries subsidize sugar production due to price volatility. U.S. government-subsidized sugar #16 futures were trading at 38 cents per pound in early August 2025, more than double the nearby price of world sugar #11.

Brazil is the top sugar-exporting country, accounting for almost half of global sugar exports, significantly more than second-place Thailand. Sugar prices can be influenced by crude oil prices, as Brazil processes sugarcane into biofuel, affecting export levels.

ICE sugar futures for October 2025 delivery are the current active month, with support at 15.44 cents and resistance at 17.02 and 18.46 cents per pound. The Teucrium Sugar ETF (CANE) offers an alternative to futures trading, owning three ICE sugar futures contracts with reduced volatility.

Read more at Yahoo Finance: Can Sugar Break Out from Its Bearish Trend?