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Sugar futures can be a highly volatile market. Since the early 1970s, the price of the sweet commodity traded as low as 2.29 cents and as high at 66 cents per pound. At just below the 12 cents level recently, sugar is a lot closer to the low than the high.
The price of sugar had not traded below 10 cents per pound since 2008 until last September when the price briefly probed below the level. The decline to a decade low led to a substantial recovery rally that took the price to a high