SUGAR: Beet sugar production for fiscal year 2016/17 is forecast at 4.988 million short tons, raw value (STRV), an
increase of 56,000 over last month based on additional sugarbeets expected to be processed in August and September
2017 from the 2017/18 crop. Texas cane sugar production for 2016/17 is increased 2,775 STRV to 138,300 based on final
processor reporting. Ending stocks are increased by the sum of the supply adjustments to 1.536 million STRV, implying a
stocks‐to‐use ratio of 12.3 percent.