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The USDA announced late Monday that the US will not import any specialty sugar beyond what is required by international trade laws, "in alignment with Secretary Rollins' Farmers First policies."Coffee Prices Surge on Dry Conditions in Brazil and Tariff ThreatsCoffee Prices Sharply Higher on Dry Weather in Brazil and Tariff ThreatsGrain Market Bears Seized the Moment Last Week. What That Means for Corn, Soybeans, and Wheat.Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.On the bearish side, Pakistan today revised its sugar tender (with bids due July 22) sharply lower to 50,000 MT from its previous indication of a 300,000 MT tender.  Pakistan's cabinet on July 8 approved an increase in sugar imports to stop what it called artificially high domestic sugar prices.Expectations for a sugar surplus in 2025/26 are bearish for sugar prices.  On June 30, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years.  On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with global sugar ending stocks at 41.188 MMT, up 7.5% y/y.The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices.  On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage.  The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices.  On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average.  India's monsoon season runs from June through September.  On Monday, the India Meteorological Department reported that rainfall in June was 9% above normal in India and has forecast above-normal rain for July.Signs of larger global sugar output are negative for prices.  On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT.  Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage.  In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,293.00 -10.25 (-0.16%)Dow Futures44,391.00 -68.00 (-0.15%)Nasdaq Futures23,037.25 -39.25 (-0.17%)Russell 2000 Futures2,235.10 -4.50 (-0.20%)VIX17.16 -0.22 (-1.27%)Gold3,345.90 -13.20 (-0.39%)PortfolioSign in to access your portfolioSign inTop gainersRGTI Rigetti Computing, Inc. 16.56 +3.84 (+30.19%)JOBY Joby Aviation, Inc. 16.33 +2.38 (+17.06%)SMMT Summit Therapeutics Inc. 28.27 +3.91 (+16.05%)U Unity Software Inc. 33.94 +4.25 (+14.31%)BMNR Bitmine Immersion Technologies, Inc. 44.80 +4.84 (+12.11%)Top losersMMSI Merit Medical Systems, Inc. 83.95 -9.65 (-10.31%)HSAI Hesai Group 21.86 -2.24 (-9.29%)LNTH Lantheus Holdings, Inc. 74.41 -6.85 (-8.43%)ASML ASML Holding N.V. 754.45 -68.57 (-8.33%)NEGG Newegg Commerce, Inc. 27.12 -2.21 (-7.53%)Most activeRGTI Rigetti Computing, Inc. 16.56 +3.84 (+30.19%)NVDA NVIDIA Corporation 171.37 +0.67 (+0.39%)NU Nu Holdings Ltd. 13.85 +0.31 (+2.29%)WBD Warner Bros. 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