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 trading volume
- The USDA Economic Research Service raised the U.S. sugar use projection by 126,000 STRV (Short Tons, Raw Value) to 12.515 million STRV, due to increased deliveries for human consumption
- According to BarChart, for 2026/27, the International Sugar Organization forcasts that global sugar production will fall by 1.15% year-over-year, to 180 million metric tons, and that there will be a global sugar deficit of 262,000 metric tons, citing the potential impact of an El Niño weather pattern on harvests in India and Thailand
- Sugar futures prices have rallied sharply over the past two weeks, with New York sugar posting an 8-week high on Tuesday, and London sugar posting a 10-month high.
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
- Per the Acreage Report released by the USDA on June 30, U.S. dry bean planted area for the 2026/2027 season dropped to 1.16 million acres, down 15% from the 2025/2026 season
- According to the weekly Crop Progress Report from the National Agricultural Statistics Service, the percentage of the dry edible bean crop planted is 82% in Colorado, 96% in Nebraska and 95% in Michigan
- The latest round of USDA-posted weekly cash offers were 4%-6% 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
- U.S. - planted rice acres have fallen to levels not seen since the 1970s, prompting a steep drop in projected harvests, particularly in the critical Arkansas and Missouri regions, according to analysts
- Per the USDA’s June 2026 World Agricultural Supply and Demand Estimates (WASDE) report, there were minimal changes to the outlook for U.S. rice supply and utilization
- Spot rough rice futures have rallied over 41% so far in 2026, trading at their highest levels since late August 2025
Flour
- The wheat markets were higher this week
- The recent weather-induced strength in the corn market has been supportive for the wheat markets this week, according to analysts
- The USDA’s quarterly Grain Stocks and Acreage reports were considered supportive for the wheat markets, according to analysts. June 1 all-wheat stocks of 920 million bushels were lower than expected, and all-wheat planted acres were reduced by over 1 million compared to March intentions. Most of that decline was from winter wheat, with hard red winter wheat falling roughly 700,000 acres from March
- According to the Western Producer, total Canadian wheat area was expected to be down by 5.9 per cent from 2025, at 25.3 million acres according to the latest principal field crop area report from Statistics Canada, released June 30. That fell below average trade estimates, which had ranged from 25.5 million to 26.8 million acres
- According to the weekly crop conditions report released by the USDA on July 6, the winter wheat crop is rated 26% good-to-excellent, unchanged from the prior week, but below the 48% rating at this time last year, with harvesting 59% complete, up from 48% the previous week and above the five-year average of 51%
- According to the weekly crop conditions report released by the USDA on July 6, the spring wheat crop is rated 57% good-to-excellent, down from 59% the prior week, but above the 50% rating at this time last year
- U.S. wheat prices remain very uncompetitive to non-captive destinations for export, according to analysts