Raw sugar futures rose to their highest in over a month, with NY's most-active contract gaining up to 1.7% to above 15 cents/pound, as investors cut bearish bets on expectations Brazil mills will prioritize sugar-cane ethanol over sugar. Middle East tensions boost biofuel demand, though falling Brazilian ethanol prices limit further cane shifts. Sugar futures broke above the 200-day moving average, with money managers reducing short positions per CFTC data; prices could exceed 17 cents if the tr

Raw sugar futures rose to their highest in over a month, with NY's most-active contract gaining up to 1.7% to above 15 cents/pound, as investors cut bearish bets on expectations Brazil mills will prioritize sugar-cane ethanol over sugar. Middle East tensions boost biofuel demand, though falling Brazilian ethanol prices limit further cane shifts. Sugar futures broke above the 200-day moving average, with money managers reducing short positions per CFTC data; prices could exceed 17 cents if the trend continues. Cocoa futures also climbed to February highs amid West African supply concerns.