August WASDE: Surprises, concerns, & a few big upsets

• Corn & soy complex
  • Oh boy! More U.S. corn production and less ending stocks (and lower yield?)
  • Wild Midwest weather and upside market bias
  • Soybean changes benign, but spillovers from other markets supporting soybeans/soybean products
• Wheat
  • Wheat takes a back seat with only limited changes in August WASDE
  • However, starting to see early signs appear from the Ukraine/Russian conflict and Black Sea constraints
• Sugar
  • Major changes for 2025/26 beet sugar
  • A surprise for 2026/27 beet estimate
  • Florida cane down more than expected

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