Sugar
- U.S. cash traders reported that bulk sugar price offers for the 2026-27 new crop remain firm for both beet and cane sugar this week, with low trading volume
- According to Yahoo Finance, Mexico announced that the United States will begin to restore Mexican sugar's access to its market. The USDA estimated the country will need to import up to 1,152,000 tons of Mexican sugar during the 2026-2027 marketing year, an amount 512% higher than the estimate for the current marketing year
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, which is helping to tighten dry bean supplies across all varieties
- The latest round of USDA-posted weekly cash offers were 2%-4% 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
- In the World Agricultural Supply and Demand Estimate report released by the USDA on July 10, U.S. rice supplies were revised significantly downward. Total U.S. rice production is projected at 153.3 million cwt, driven by lower planted acreage as farmers switched to alternative crops
- Spot rough rice futures have rallied over 48% so far in 2026, trading at their highest level since February 2025
- Because of low domestic yields and high foreign subsidies, about 30% of the rice consumed in the U.S. is now imported. Domestic millers and farmers are pushing for trade investigations and better farm bill protections to prevent further plant and mill shutdowns, according to analysts
Flour
- The wheat markets were sharply higher this week
- In the World Agricultural Supply and Demand Estimate report released by the USDA on July 10, the forecast for U.S. wheat production in the 2026/27 season was reduced to 1,536 million bushels, down 7 million from the prior month. This would be the lowest production since the 1970/71 season
- According to the Hellenic Shipping News, global wheat prices have risen more than 4% following Ukrainian attacks on Russian vessels in the Sea of Azov. The renewed disruption to grain export routes has added uncertainty in global agricultural markets, where the Black Sea region remains one of the world’s most important suppliers of wheat
- According to the weekly crop conditions report released by the USDA on July 13, harvesting of the winter wheat crop is 67% complete, up from 59% the previous week and above the five-year average of 61%
- Also according to the weekly crop conditions report, harvesting of the winter wheat crop is 67% complete, the same as the previous week and above the five-year average of 61%
- U.S. wheat prices remain very uncompetitive to non-captive destinations for export, especially after the recent price rally, according to analysts