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