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The January USDA World Agricultural Supply and Demand Estimates cut US sugar supply for 2022/23 slightly. Louisiana production was reduced after freeze damage in late December, while beet sugar output was raised on higher sucrose recovery.
Imports were also revised up.
The net change in US sugar supply is small, so the impact on sweetener and feed-related prices is limited. The report mainly confirms final crop-year production figures.
sugarproducer.comFeb 1, 2023After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
