January WASDE: Exciting, surprising, & revealing

• Corn and soy complex
  • USDA surprises with reduced U.S. production for corn, soybeans
  • Domestic soybean oil balance sheet is likely more ominous than ending stocks would indicate
• Wheat
  • Winter wheat acres on the rise! Up how much from 2024?
  • Grain stocks and WASDE about as expected
• Sugar
  • Beet production increased
  • A boost to stocks-to-use ratio
• Our next webinar: Key Ingredients in 2025
  • Wednesday, January 29, 2025 at 11 am PT / 2 pm ET
  • Register now at mckeany-flavell.com or look for your invite starting next week
• Our thoughts and prayers are with those affected by the LA fires

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