The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports of refined organic and specialty sugar, which pays the high tier, out of quota duty, more than offsets the increase in beginning stocks and domestic sugar production in 2025. Lower beet sugar production is more than offset by increases in cane sugar production, thereby placing the domestic sugar output at 9.342 million STRV, the second largest production volume behind 2024’s 9.396 million STRV. However, the U.S. beet sugar production for FY 2025/26 is reduced from last month by about 5 percent, the lowest since 2020/21.
The revision in beet sugar production is mainly d...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
