March sugar (SBH26) futures present a selling opportunity on more price weakness.

See on the daily bar chart for March sugar futures that prices are trending lower and last week hit a contract low. The bears have the firm near-term technical advantage.

Fundamentally, sugar futures prices are trending down due to a likely increase in global supplies amid record production forecasts in major producers like Brazil, India, and Thailand for the 2025-26 season. The rise in sugar production is expected to create a global surplus to keep sugar prices under pressure.

A move in March sugar futures below strong chart support at the contract low of 15.76 cents would become a selling opportunity. The downside price objective would be 13.25 cents or below. Technical resistance, for which to place a protective buy stop just above, is located at 16.86 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.