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Since sugar began trading in the futures market in 1971, the price of the sweet commodity has traded in a range from 2.29 to 66 cents per pound. Over the past ten years, the trading back narrowed to 9.83 cents to 36.08 cents. The low came in September 2018, and the high in 2011, when many other commodities were trading at highs. Sugar is a soft agricultural commodity that trades on the Intercontinental Exchange. The world's leading producer and exporter of sugarcane is Brazil. In South American, Brazil uses sugar to produce ethanol, a biofuel.