June WASDE: A few surprises from USDA

McKeany-Flavell Hot Commodity Podcast

English - June 09, 2023 21:48 - 20 minutes - 27.8 MB - ★★★★★ - 8 ratings
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Previous Episode: Energy: Oil & gas prices & their impact on corn prices

Next Episode: Walking the tightrope: The Federal Reserve & its hawkish pause

Corn and soy complex

Mostly unchanged for new crop
Export demand still lower for old crop

Wheat

Spring wheat off to a good start!
USDA surprises with sizeable increase to global wheat production

Sugar

Slightly more bullish outlook for old and new crops
2022/23 stocks-to-use down to 13.1% on lower imports from Mexico

Will Mexico come up short, or will they have that sugar available? Should be an interesting July WASDE!

2023/24 cane production lowered 87,000 STRV, with Texas down 56,000 STRV, pulling STU to 10.6%

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