DRY COMMODITY Trends

Farmer's Report

Dry Commodity Trends - January 21, 2022

Sugar

  • Sugar price offers remain firm into the first half 2022, as the industry is well sold through September of 2022
  • Louisiana’s cane crop harvest is complete, while Florida is approximately 85% finished. Cane sugar yields have come in mostly as expected thus far, but maintain a significant premium to beet prices
  • The U.S. Department of Commerce recently increased Mexico’s export limit for raw sugar shipments into the U.S. by 150,000 short tons for the 2021/2022 crop year. Shipments must arrive by March 31st, 2022

Dry Beans

  • Dry bean bids remain firm, with mostly steady trade volumes reported over the last week. Prices remain well above last year’s levels across all dry bean categories due to lower production in 2021, according to analysts

FLOUR

  • The K.C. wheat futures market moved higher this week after having fallen from late November of last year to last week
  • The USDA raised their domestic all-wheat ending stocks projection for 2021/2022 by 30 million bushels last week, due to cuts to exports and feed use
  • Domestic basis offers dropped for the higher protein varieties over the last two weeks after having traded at record high levels

The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.