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 ServicesExpert: Eric Thornton, Commodity SpecialistExpert: Kevin Combs, Vice President – Global Sweeteners Specialist