SUGAR: The projection of beet sugar production from the 2016 sugarbeet crop is increased by 80,000 short tons, raw
value (STRV) due to higher crop yields reported in the NASS October Crop Production that are only partially offset by
reduced harvested area. Fiscal year 2016/17 beet sugar production is further increased by 100,000 STRV and 2015/16 is
reduced by the same amount due to slower-than-anticipated harvesting in Minnesota and North Dakota, shifting beet
sugar production expected in September into the next fiscal year. Beet sugar production for 2016/17 is therefore
projected at 5.468 million STRV, an increase of 180,000 over last month. Florida cane sugar production for 2016/17 is
reduced 25,100 STRV based on reduced sugarcane harvested area forecast by NASS.