Compare with Sugar No. 11 Futures
Contract highlights
Ascending Trendline Breakdown & Buyer Trap (Short Setup)SUGAR RAW (OCT 2026) 1H:
1. Market Context
On the 1H chart, Sugar Raw (Oct 2026) has been advancing along a major green ascending trendline from the 16.300 base up to the 18.700 peak. After forming a lower-high rejection peak near 18.438, price is now pressing down directly against the key trendlin
The second most crowded speculative reading in twenty yearsSugar has just produced one of the most extreme positioning readings in its recorded history, and the sequence that got it there is more interesting than the reading itself.
Managed money net position, from the CFTC weekly file:
28 July: net short 112,413
4 August: net short 77,814
11 August: net
Sugar Rush to $0.1872 - Not good for consumers
The Iran conflict has pushed oil toward multi-year highs, which directly impacts sugar because Brazil (largest producer) diverts cane into ethanol instead of sugar when oil rises.
And this is going to cause a huge sugar run, potentially to $0.1872.
Remember this, less sugar production means supp
SUGAR NO. 11 SETS MEDIUM-TERM BOTTOM – EXPECTING NEW GROWTH WAVEKEY TAKEAWAYS:
Price structure confirms a bullish divergence at the 13.50 bottom, completing the Falling Wedge pattern.
Strong recovery momentum has pushed prices out of the accumulation zone below 15.00.
Wave projection forecasts a long-term bullish cycle targeting old resistance at 20.00 and po
Sugar #11 seems to have fallen into a descending wedge patternAfter falling through support at around 15.3 cents (assumed C/S Brazil ethanol parity?), spot #11 seems have fallen into a descending wedge pattern, whiplashed by developments in the Straits of Hormuz but so far the descending wedge pattern remains unbroken.
Sugar SB Futures: Extreme COT Divergence – Short Squeeze Ahead?
ICEUS:SB1!
🔎 Market Situation
The latest COT report shows one of the most extreme positioning imbalances in 18 years for Sugar #11:
• Commercials: Net Long 128,130 contracts → 2nd highest since 2007 (only surpassed in Sep/Oct 2020 with ~160k).
• Non-Commercials (Funds): Net Short –125,628 c
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Sugar No. 11 Futures is Feb 28, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Sugar No. 11 Futures before Feb 28, 2022.









