Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE’s global sugar markets hit record open interest (OI) of over 2.3 million contracts on August 14, 2026, up 43% year-over-year, surpassing the previous record set in February 2010.

This record was driven by activity across ICE Sugar No. 11®, the global benchmark for raw cane sugar, with record OI of 2.2 million, and ICE White Sugar, the benchmark for refined sugar, with record OI of 188,000 contracts. Together, they underpin price discovery across the entire sugar supply chain, serving producers, refiners, traders and end-users worldwide.

“ICE’s global sugar complex has just recorded its highest open interest in over 15 years, driven by evolving market fundamentals,” said Matthew Ryan, Senior Director of Soft Commodities at ICE. “Supply and demand balances are shifting, a strong El Niño forecast through January 2027 is weighing on supply outlooks, and uncertainty around some of the world’s largest producing regions is prompting participants to hedge across the curve. That depth of engagement is reflected in positioning in our raw and white sugar markets, driving open interest to levels not seen since 2010.”

ICE is home to the global price benchmarks for Sugar, Cocoa, Coffee, Cotton, Canola and Frozen Concentrated Orange Juice. OI across the complex is up 46% year-over-year with Cocoa up 65%, Cotton up 76%, Canola up 68% and Coffee up 8%. Meanwhile, average daily volume across the agricultural complex is up 28% year-to-date.