Barbara Fecso, an economist at the USDA, expects that the USDA could go ahead with the new buying program unless domestic prices rebound.
A bumper crop year for sugar beets in the upper Midwest and sugar cane has pressured U.S. sugar prices.
Sugar related exchange traded products include:
- iPath Dow Jones-AIG Sugar Total Return Sub-Index ETN (NYSEArca: SGG): down 22.6% over the past year
- iPath Pure Beta Sugar (NYSEArca: SGAR): down 24.8% over the past year
- Teucrium Sugar Fund (NYSEArca: CANE): down 26.9% over the past year
For more information on sugar, visit our sugar category.
Max Chen contributed to this article.