Sugar prices have started to recover after months of weakness, but new weather risks, shifting Brazilian production decisions and changing global trade flows could reshape the market outlook. Marcelo Bonifacio, StoneX Brazil Market Intelligence Analyst, explains why Brazil's sugar mix, China's import demand, white sugar availability and El Niño risks in India, Thailand and Europe are becoming the key drivers for prices in the months ahead. Download the StoneX 2026 Commodities Outlook: https://www.stonex.com/en/insights/commodities-outlook/?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q3_26 Discover Actionable Sugar and Ethanol Insights with StoneX Market Intelligence: https://shop.stonex.com/products/brazil-sugar-and-ethanol-plan?utm_source=x&utm_medium=social&utm_campaign=sxtv_guest_marcelo_bonifacio&utm_content=share Like and subscribe for more financial market insights. #StoneX #MarceloBonifacio #Sugar #SugarMarket #Brazil #Commodities #ElNino #China #Agriculture #MarketOutlook