DRY COMMODITY Trends

Farmer's Report

Dry Commodity Trends - OCTOBER 15, 2021

Sugar

  • Sugar pricing remains solidly supported, as the industry is well sold for the new crop position
  • Prolonged dry weather conditions in the Red River Valley and the Dakotas lowered yield expectations for this year’s sugar beet crop. Harvest is nearing the halfway point
  • Louisiana’s cane crop has been downgraded in recent weeks, due to damage from Hurricane Ida

Dry Beans

  • Dry bean bids have continued to firm in the U.S., reflecting yield concerns as the harvest begins to wind down
  • Canadian dry bean stocks remain adequate despite a smaller 2021 crop

FLOUR

  • The wheat markets closed lower this week versus last, as the K.C., Minneapolis and Chicago futures reacted to selling in the corn and soybean markets
  • World wheat supply estimates were lowered more than expected on this week’s USDA report
  • Basis levels continue to firm, however, as protein is expected to be tighter this year, due to a much smaller domestic Spring wheat crop

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.