August 12, 2016

SUGAR: Sugar production for the fiscal year 2016/17 is increased 247,901 short tons, raw value (STRV) to 9.208 million resulting from new sugar
crop forecasts made by NASS in the August Crop Production report. Beet sugar is increased 128,160 STRV based on higher sugar per acre implied by
the NASS sugarbeet yield forecast although area harvested is down slightly. Cane sugar production in Florida is increased by 47,786 STRV and in
Louisiana by 71,955 based on higher sugar-per-acre yields implied by NASS sugarcane yield forecasts in both States.