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![June WASDE: A few surprises from USDA](https://pbcdn1.podbean.com/imglogo/ep-logo/pbblog1899823/USDA_WASDE_newSize2_300x300.png)
Friday Jun 09, 2023
June WASDE: A few surprises from USDA
Friday Jun 09, 2023
Friday Jun 09, 2023
- Corn and soy complex
- Mostly unchanged for new crop
- Export demand still lower for old crop
- Wheat
- Spring wheat off to a good start!
- USDA surprises with sizeable increase to global wheat production
- Sugar
- Slightly more bullish outlook for old and new crops
- 2022/23 stocks-to-use down to 13.1% on lower imports from Mexico
- Will Mexico come up short, or will they have that sugar available? Should be an interesting July WASDE!
- 2023/24 cane production lowered 87,000 STRV, with Texas down 56,000 STRV, pulling STU to 10.6%
- Don’t forget to register for our upcoming webinar!
- Risk Management webinar with Shawn Bingham
- Next Wednesday, June 14, 11 am PT / 2 pm ET
- Check your inbox for your invite or you can also register here
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Version: 20240731
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