Sugar
- U.S. cash traders reported that bulk sugar price offers for the 2026-27 crop remain firm for both beet and cane sugar this week, with modest volume trade ongoing
- In its June World Agricultural Supply and Demand Estimates report, the USDA raised its projections from May for 2026-27 U.S. sugar production and deliveries (with the higher delivery number carried over from a similar increase for 2025-26), left imports unchanged and lowered the ending stocks-to-use ratio to 13.26% from 13.5%
- According to the Economic Times, India's soybean acreage is expected to increase this year as four-year-high prices and forecasts of below-normal monsoon rainfall due to El Nińo encourage farmers to shift from water-intensive crops such as sugarcane
Dry Beans
- Domestic dry bean end users have completed their Q3 coverage needs and continue to assess Q4 offers, according to this week’s updates from cash dealers
- According to the weekly Crop Progress Report from the National Agricultural Statistics Service, the percentage of dry edible bean crop planted is 84% in North Dakota, 84% in Montana, 88% in Minnesota, 30% in Colorado, 66% in Nebraska and 40% in Michigan
- The latest round of USDA-posted weekly cash offers were 7%-9% lower than last year’s levels for the spot position delivered to the warehouse for most dry bean varieties
Rice
- U.S. cash dealers report that domestic bookings of milled and industrial rice are nearing completion for the fourth quarter
- According to DW, hotter, drier weather is impeding rice production in Southeast Asia
- According to Reuters, India's rice stocks in government warehouses rose 15% from a year ago to a record high for the start of June, official data showed on Tuesday. Record rice stocks will help the world's biggest exporter increase shipments despite concerns over rainfall due to an El Nińo weather pattern
- Spot rice futures turned lower last week
Flour
- The wheat markets were slightly higher this week, continuing to rebound from the recent sharp price break
- In its June World Agricultural Supply and Demand Estimates report, the USDA reduced its U.S. winter wheat crop outlook from a month earlier by 2%, as a harsh drought in the Plains led to a decline in its hard red winter wheat production estimate to the lowest amount since 1957. U.S. winter wheat production in the 2026/27 season is estimated at 1.030 billion bushels, down from the forecast of 1.048 billion last month and well below last year's crop of 1.402 billion bushels
- According to the weekly crop conditions report released by the USDA on June 15, the winter wheat crop is rated 27% good-to-excellent, up from 25% the prior week but below the 54% rating at this time last year, with harvesting 25% complete, up from 11% the previous week and above the five-year average of 13%
- According to the weekly crop conditions report released by the USDA on June 15, the spring wheat crop is rated 55% good-to-excellent, up from 52% the prior week but below the 57% rating at this time last year
- U.S. wheat prices remain very uncompetitive to non-captive destinations for export, according to analysts