Sugar
- According to cash traders, bulk sugar offers for 2025-26 were steady for both beet and cane sugar over the last week, with minimal trading reported, as the annual sugar colloquium is scheduled to take place in late February
- In its February World Agricultural Supply and Demand Estimates (WASDE) report, the USDA raised its forecasts for 2025-26 U.S. sugar production, supply and ending stocks, despite a slight reduction in imports. Forecasted deliveries for 2025-26 were unchanged from January, with an ending stocks-to-use ratio of 15.89% versus 15.75% in January and 19.9% in 2024-25
- Low U.S. domestic sugar prices raise the risk of forfeitures later in the season, according to analysts
- Spot domestic sugar futures fell to their lowest level this week since October 2020, as world supplies remain ample, according to analysts
Dry Beans
- Domestic dry bean end users have mostly completed their Q2 coverage, according to this week’s updates from cash dealers
- The last round of USDA-posted weekly cash offers were 8-11% 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 complete through Q2, with buyers assessing offers for Q3
- The 2025/26 USDA rice outlook for February projects lower supplies, stable domestic use, reduced exports, and higher ending stocks. Supplies are projected to decrease because long-grain imports are forecasted to be 1.0 million cwt. lower, at 41.0 million, with imports running behind last year’s record pace
- The spot rough rice futures contract has rebounded 22.5% from the low posted on December 18
Flour
- The wheat markets were slightly higher this week
- In its February supply/demand report, the USDA raised its 2025/2026 all-wheat ending stocks estimate by 5 million bushels, in line with pre-report expectations
- Statistics Canada reported that their end-of-December all-wheat stocks were 27.5 million metric tons, above the average trade estimate of 26.58 million, and up from 25.98 million a year ago
- According to the Hellenic Shipping News, the Black Sea wheat market surged to its highest level in three months, driven by mounting concerns over severe weather and logistical bottlenecks
- The U.S. dollar turned lower this week, helping to provide some underlying support for the grain markets, according to analysts
- Per the USDA, export inspections for wheat this week were near the pace needed to hit its target, and are currently 20% higher than last year at this point
Commodity Trends at Your Fingertips: Dive into the Farmer's Report
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.