DRY COMMODITY

Farmer's Report

Dry Commodity - January 22, 2021

Sugar

  • The most recent USDA supply/demand report shows an 8% increase in projected ending stocks for the 2020-21 crop year
  • Condition ratings for the domestic beet crop are still well above last year’s levels, while cane crop ratings are also at the highest levels in recent years

Dry Beans

  • The October 9th USDA report forecasted a 60% increase in dry bean production over last year
  • The increase was in line with analyst expectations, as 2019’s yield was low, and farmers were incentivized by higher prices to plant beans

FLOUR

  • There has been a steady and significant increase in wheat costs, according to suppliers. Weather and global supply concerns are driving the increase, and suppliers expect that it could continue. It is driven by concerns with other commodity row crops, as well as U.S. and global winter wheat.

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.