A Sour Situation for US Sugar Market

The ICE Futures US raw sugar No. 11 contract, the benchmark for global raw sugar prices, and the Sugar No. 16 domestic raw sugar futures contract, typically do not have a direct one-to-one relationship with each other, but they generally align with overall price direction. But the steep and lengthy drop to five-year lows in global raw prices have pressured domestic prices. Read what’s happening here.