Sugar

No changes to demand
Stocks-to-use ratio up to a healthy 14.9% 

Although prices don't reflect that

Supplies increased on added high-tier imports
USDA reversed course on Mexico

Wheat

Reduction in ending stocks
Small change to the U.S. balance sheet

Soy complex

All about Argentina!

Drought and lower production

Brazil offsets lower numbers to a degree
More active Chinese importing from Brazil

Corn

Slight reduction in global ending stocks
U.S. shows reduction in imports, no change in ending stocks

Markets are watching for planting intentions and upcoming 2023/24 crop

The farmers are out in the fields!

2023 Spring Market Seminar registration is open!

April 26, 2023 in Oak Brook, IL
Visit mckeany-flavell.com to register!

 


Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist