SUGAR active medium volatility

Sugar No. 11 (SB — ICE)

agricultural · ICE Futures US · SB (Sugar No. 11 Futures)

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Raw sugar futures on ICE. Brazil dominates global supply; weather is key driver.

Version: v1 active Updated: Mar 08, 2026 Asset Class: agricultural Queue: 53 headlines Labels: 0

📡 Sentiment Profile

Sensitivity medium
Lag days
Volatility medium
⚠️

Sugar can rally on ethanol parity despite ample global supply, as Brazilian mill allocation shifts. Indian export policy changes often trigger moves that overshoot fundamentals.

Key Narratives
Brazilian cane crush and ethanol parity Indian export policy and subsidies Thai production levels Global surplus/deficit balance Ethanol blending mandates El Nino/La Nina weather impacts

🏛️ Market Context

Exchange ICE Futures US
Contract SB (Sugar No. 11 Futures)
Key Entities
Brazil India ethanol monsoon El Nino Thailand crushing season
📅

Brazilian crush April-November. Indian production October-April. Northern Hemisphere beet harvest September-November.

Price Drivers

Brazilian crop and ethanol/sugar price ratio, Indian monsoon, Thai and Australian supply, global consumption trends

Known Inversions

Phrases where sentiment is opposite to what a generic model would predict

Phrase Naive Polarity Actual Direction Reason Confidence
ethanol parity 🟡 Neutral 🟢 BULLISH When ethanol is profitable, Brazilian mills divert cane to ethanol, reducing sugar output 0.80
monsoon failure 🔴 Negative 🟢 BULLISH India's sugar output falls when monsoon underperforms 0.80

Data Sources

News sources configured for this security's ingestion pipeline

Source Type Query Terms Items Last Fetched
Google News - Sugar google_news
sugar prices sugar futures Brazil sugar India sugar exports
0 —
NewsAPI Sugar newsapi
sugar sugar prices ethanol cane sugar
0 —
Reddit r/Commodities reddit
sugar soft commodities ethanol
0 —
Sugaronline RSS rss
sugar sugar prices ethanol
0 —