I've also seen this. It didn't spawn that way, but it grew in my farm normally, and did not break when the sugarcane block beneath it was broken. I was able to break and pick up the floating sugarcane after taking the screenshot, so it wasn't purely a visual artifact.
I didn't f3 or seed when I took the first screenshot, but I went back to the same spot and did those things.
I've also seen this. It didn't spawn that way, but it grew in my farm normally, and did not break when the sugarcane block beneath it was broken. I was able to break and pick up the floating sugarcane after taking the screenshot, so it wasn't purely a visual artifact.
I didn't f3 or seed when I took the first screenshot, but I went back to the same spot and did those things.
http://i.imgur.com/ShL9vCR.png
http://i.imgur.com/80uVM7f.png