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Sugar is a crucial ingredient in a host of food products. The sweet commodity is also the primary input in the production of ethanol in the world's leading producer of sugarcane, Brazil.
Sugar can be a highly volatile commodity. Since 2016, the price has traded between 9.83 and 23.90 cents per pound. Since the 1970s, the low has been 2.29 cents and the high, 66 cents per pound. In 2019, the range narrowed to 10.68 to 13.67 cents, with the high coming last week. Sugar futures trade on the Intercontinental Exchange and are in the