Elsewhere, raw sugar futures in New York dropped as much as 2.7 per cent to 14.6 cents per pound on Friday, extending losses after finishing 2025 with the biggest annual drop since 2017. Markets are continuing to price in a large global surplus and “any new money in the market will only show up next week,” said Mike McDougall, an analyst at McDougall Global View. The rebalancing of the Bloomberg Commodity Index will also start later next week.