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2021 Sour Domestic Sugar Outlook

The MY 2020/21 outlook for sugar is for more domestic production and a reduction in imports, but with lower deliveries and increasing year-end stocks. Beet sugar production is up 133,662 short tons – raw value (STRV) based on higher extraction rates in Minnesota and North Dakota. Cane production is up 62,000 STRV based on increased production across Louisiana, Florida, and Texas. Imports for the year are forecast at 3.344 million STRV, down 21 percent from 4.235 million STRV. Deliveries of sugar are projected at 12.2 STRV, which is down 1 percent from 2019/20. So far in the fiscal year, cane sugar demand is holding up more than beet sugar compared to last year for the same period.   The stocks-to-use ratio is forecast...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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