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

SB=F +0.07%

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

• How Much Higher Can Corn Prices Move in February 2026?

• Cocoa Prices Settle Lower on Abundant Supplies and Slack Demand

• Short Covering Boosts Coffee Prices as the Brazilian Real Rallies

• Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!

Fundamentally, global sugar prices have been declining due to expectations of a global supply surplus, led by strong and potentially record-high sugar production in Brazil and the potential for more sugar exports from India.

A move in May sugar futures below chart support at the contract low of 13.66 cents would become a selling opportunity. The downside price objective would be 12.00 cents, or below. Technical resistance, for which to place a protective buy stop just above, is located at 14.50 cents.

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%):

Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com