Unpacking a jam-packed July WASDE report!

Sugar
Beet and cane numbers are down
Due to early harvest adjustments?

Big changes in imports: Up, up, up!
What’s Kevin got to say about the 2023/24 beet crop and the number we could hit?

Wheat
Some yield appreciation
Boost to harvest acres: Big surprise!
Production and demand see nice uptick
EU wheat production down: Could other countries follow suit?

Corn
Got what was anticipated, for the most part
Reduction in yield and ending stocks
Ethanol and export demand lowered, while feed went up
Argentina’s production improves: Yay!

Soy complex
Decrease in soybean acreage, while no change in yield
Adjustments made to demand on the consumption side for soybeans
Soybean oil imports raised
No changes made to biofuels

Don’t forget to register for next week’s webinar!
Wheat Market Update webinar with Eric Thornton
Wednesday, July 19, 11 am PT / 2 pm ET
Invites are in your inbox, or register at mckeany-flavell.com

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