Sugar prices closed lower on Wednesday as abundant global supplies weighed on the market. StoneX projected a global sugar surplus of +2.8 MMT for the 2025/26 season, a shift from a deficit in the previous season. Brazil’s higher sugar output and India’s potential diversion of sugar for ethanol production are bearish factors. The International Sugar Organization forecasts a global sugar deficit for the upcoming season, but expectations for abundant supplies persist. India’s outlook for higher sugar exports and production, along with Thailand’s increased sugar production, contribute to the bearish sentiment. Conab revised Brazil’s sugar production estimate lower, while the USDA predicts record-high global sugar production and consumption for the 2025/26 season. Rich Asplund has no positions in the mentioned securities.

Read more at Yahoo Finance: Expectations of Ample Supplies Weigh on Sugar Prices